glennmercer
Long

Long SHAK on Strong Divergence and TL Break at S/R Zone

NYSE:SHAK   SHAKE SHACK INC
An hourly close above the 7-week-long bearish trendline provides a great opportunity to go long SHAK             , which has made a strong bullish move at its daily support zone. With low float, high volume , and an appearance on Friday's Top Gainers for many popular signal services, there is a high probability of more bullish movement in the upcoming weeks.

Enter on any short-term pullbacks. Minor resistance area below the unhit monthly pivot for July provides a nice target. SL should be placed below daily support area.
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