Entry $12 area
1st Target $18
2nd target $23
3rd target $32
Covid 19 Took this stock down hardcore but as the restaurant industry starts to recover, this start is going to fly! it is literally a steal right now!!
if market continues to be bullish, it will be like buying this stock at thrift store.
This is like getting into DKNG b4 they were a thing, or...
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
possible island bottom.. there is slight selling pressure on the daily
if this test the moving averages while minding the gap this can get explosive
its possible in consolidates within this range till feb. look for volume on unusual option activity
going long if it breaks 73 price target 81
$SHAK is climbing after getting some love from $GS.
Goldman Sachs keeps a Buy rating on Shake Shack (SHAK +8.9%) after digesting the company's ICR presentation yesterday.
The firm sees significant upside from the restaurant operator's new partnership with Grubhub in particular.
"As part of the partnership, GRUB has provided SHAK with detailed customer data, as...
Waiting for fill on order below.
Jan. 17 - Put Credit Spread – 61.5/66.5 – Trying for $3.20 credit. Max risk $180 per spread. Max gain is $3.20 per spread. 70%+ POP
Gap fill above. Very large.
Bullish EMA cross and Bullish 10WeekMA price cross today.
Stable trendline for reference with low stop point.
Exit is $71 and $80.
Feb. 14 Expiry. Put Credit Spread. 59/64 Strikes. Credit of $3.00 (no lower than $2.90)
Risk $210. Reward $290-$300. POP - 65%
Large $10 gap from $71-$81. This must get filled IMO.
White trendline is stop. Break of white trendline and trade above is invalid ($59.50 or less).
Bullish EMA cross just occurred last Friday,...
Nice channel, chilling at the middle of it with a spot below around 58.75 on the trendline and above around 61.25. Decent Strangle opportunity here if you buy within $1 OTM (Out of the money) on either side, same cost. Would recommend 1/3 or 1/10 expiration. $SHAK
DISCLAIMER: Don't make any trade based on my Idea. Do your own due diligence, I'm not licensed in...
I think the Bottom for Shake is the zone between 56-60$ , Thats mean you can buy Shak from this zone, The Targets are in the chart , Rsi look Great on Daily Candel.
dont forget the stoploss 55$ , I will update everything here. Good luck))
Stock sold off due to their earnings report. Honestly, I don't think the report was so bad to deserve a +20% selloff. If you look at the other burger stocks, all dealing with the same issues, most of those stocks held up today, even being green. The selloff today held around the 61.8% Fibonacci Retracement level from the December low to the recent September...