I think it makes sense to enter a long-term bullish position in SHAK if/when we hit the support level of 30.30.
This level has acted as a reliable support point four times in SHAK's history as a public company. Each time prices have reached the 30.30 level, bulls came in to prevent further losses in share price.
This time may be different ((we may see some price action below the 30.30 level) SHAK is an extremely volatile stock)). Even with this possibility, I still believe buying and holding at or around this key support area seems like a smart move for a longer-term trade or as a buy and hold.
This is not financial advice. Good luck!
This level has acted as a reliable support point four times in SHAK's history as a public company. Each time prices have reached the 30.30 level, bulls came in to prevent further losses in share price.
This time may be different ((we may see some price action below the 30.30 level) SHAK is an extremely volatile stock)). Even with this possibility, I still believe buying and holding at or around this key support area seems like a smart move for a longer-term trade or as a buy and hold.
This is not financial advice. Good luck!