streetgainer
Long

Projected $SHAK move

NYSE:SHAK   SHAKE SHACK INC
This is a long play for SHAK which was in the midst of a bullish cup & handle continuation pattern right before the market meltdown.
The projected move is a melt up from this support level to the 38.2% fib and then the 50% fib line by July/August.
Wall Street loves growth with low to no debt. I'm already positioned from the low with $100 leap calls expiring Jan 2022
Trade active: Trimmed position and took profits
Trade closed: target reached

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