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pardis
Mar 8, 2024 3:14 AM

Shake shack, pullback  Long

Shake Shack, Inc.NYSE

Description

Uptrend
As you see, there is a reaction to s/r level at $100 and after passing out of it, you can see a pullback to this level. You can get a buying position right now or after passing of 108 successfully. below 100 can be a sure place for setting SL and next target at about 138.
Good luck
Comments
josephni0enrw
The company is so overvalued its worse than TESLA with none of the upside.
ositrades
Looks like this is on! The volume was low on the breakout, so I'll wait for re-test, or other confirmations.
ositrades
it got support at ~100 again, looks more probable to push through this time. Will wait for 108 breach. Great RR on this, thanks for sharing
pardis
@ositrades, I hope so, thanks for your comment.
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