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MP888

Going to the Dark Side...$SHAK to fill the GAP

Shake Shack, Inc. (BATS:SHAK)  
MP888 Updated   
BATS:SHAK   Shake Shack, Inc.
Trend Analysis Chart Patterns
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trendanalysis chartpattern
SHAK has had a good run and is a solid performer. That said SHAK might have gotten ahead of itself a bit. Upside has be tested at 111 twice and rejected. Management has sold some shares for tax purposes but that's not too big a deal.

I could wait for the 3rd rejection or start easing into a short position which is my preference at the moment. Will add to short as downside momentum picks up. Good luck all.
Trade active:
Broke below support at 93. Downside moment takes this down to the low 80s level and it fills the gap.
Trade active:
Following the expected path unlike $SG. Thought they would have traded in tandem...
Trade active:
Half way through the gap. Trend is still downward towards quarter end. Hold the line.
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