Description
⋅ SHAK sold off hard last week notwithstanding improving numbers (revenues +31%)
It is currently rebounding on the SMA200 support, which has proved resilient so far.
The SMA 200 support level also corresponds to the medium term support line (Aug 2017 to date).
Finally, the daily candle today (hammer) comes as an added confirmation of potential rebound.
I would buy the shares here and target the SMA 100 at 40/share, with a stop-loss at 36 --> Reward/Risk = 2.25.