A14MVX trade ideas
Shake Shack Breakout trade $shak
Possible entry level $74.75 on break above 200day MA
Target price $82.87 to gap fill
Stop loss $71.55 below breakout level/daily support
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Trade Journal: Long SHAK - 2/6/2020I love this Cup & Handle pattern going on in SHAK. There is a clear level of resistance at around 71.50s and a possible gap fill all the way to 80.00. There are some nice accumulation patterns at this bottom and SHAK is looking strong. 18% short interest on finviz so potential short squeeze up here. Shorts will probably have stop losses in the 73 area.
Entry - 71.76
Stop loss - 70.10
Target - 80.00
Shak, where is the Bottom?I think the Bottom for Shake is the zone between 56-60$ , 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))
Trade Journal: Long SHAK - 1/21/2020SHAK is another speculative/volatile name with a bottoming pattern that has recently broke out and short squeezed. SHAK has been consolidating right under a key level of resistance at 71.60 and created 3 inside candle days in a row on the daily chart. The price action on 1/16/2020 is also significant where price created a high volume hammer on the daily. SHAK looks ready to take off after it plows through the 71.60 level.
Entry - 70.05
Stop loss - 68.65s
Target 1 - 75.00
Target 2 - 80.00
SHAK and the ER gapWatching SHAK for a potential break of the daily resistance level. Solid break could find a full fill of the ER gap.
SHAK - Bullish Ascending Triangle, Continuation $70+0. This is just too easy, see all my other notes, on AMD.
1. Consolidation and distribution patterns everywhere. Every single stock that is performing well.
2. Earnings this week = blast off;
3. No time for explanations.
4. Owned 500 shares SHAK since $62 in our Trust, since the guy on CNBC who loves it bought more at $64, and I waited a little longer :)
Shake Shack Weekly Chart Review
Resistance holds at that gap open level.
Above $72 a good possible entry level, with $83 as target level.
Moving averages now rising and in support.
The weekly chart shows mid channel resistance also in play.
The weekly Stochastic and MACD in bullish reversal.
A crossing of the MACD could help ignite A RALLY.
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shak it up shak it up!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
$SHAK Has A Big Gap To Close$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 well as marketing resources such as loyalty and targeted promotions," notes analyst Katherine Fogertey.
She is also positive on the menu innovation highlighted yesterday by Shake Shack management at the ICR Conference.
Goldman's price target of $115 on Shake Shack reps +60% upside potential and is well-above the average sell-side PT of $75.00 and 52-week high of $105.84.
Shares of Shake Shack were back over $70 for the first time since early November.
Shake Shack (NYSE:SHAK) also gained after presenting at the ICR Conference.
A key highlight from the restaurant operator was the plan to expand at a measured pace in China, South Korea and Singapore.
As for menu innovation, new chicken products are planned for the middle part of the year and the restaurant operator is set to introduce a veggie burger later in the year.
The company sees improving Shack-level operating margin by working on long-term economies of scale in the supply chain and accelerating the use of technology to deliver labor efficiencies.
As always, trade with caution and use protective stops.
Good luck to all!
SHAK overboughtSHAK overbought with the crazy recent surges. It rejected off the $71 resistance. I am thinking that it will close the gap at $64.
Shake Shack Pandemonium$SHAK
Wild chart. Died at resistance today, but looks like it may be ready for another push.
T1 -> 76
T2 -> ATH?
Failure here is short to 40.
SHAK – Bullish Gap Fill - Real Meat Gets Bullish Trade Entry
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%
Chart Details
Large $10 gap from $71-$81. This must get filled IMO.
White trendline is stop. Break of white trendline and trade above is invalid ($59.50 or less).
Bullish EMA cross just occurred last Friday, 1/10.
Bullish 10WeekMA price cross with Bullish EMA Cross is 80% guaranteed or greater IMO.
Earnings play. Expected reporting date may be Feb. 24, not March. 3 (as shown on TradingView). Need to confirm as we get nearer. Source Zacks- www.zacks.com
Credit to Bullishcharts for this idea after discussing BYND .
Maybe we can both profit off a real meat rally, just like we did off the fake meat rally. LOL
I will update if I enter this trade personally. If I enter personally, I will provide updates as we go :)
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, MCD Bullish
SHAKE SHAK - Breakout- Decent breakout on volume
- Looking for a move towards the 200ma and then keep a runner for evetually gap close
- SL below breakout
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
NYSE:SHAK
SHAK consolidating for a breakout and rally leading to ER$SHAK seems to have found it's bottom and is steadily consolidating in 57-60 range for some time now. Weak hands are selling now but there is heavy accumulation in the stock if you observe a shorter timeframe. WIth ER in March and a big gap to fill, expecting this to break out any day now. 62.5 is resistance so once it breaks this test, we can expect it to rally with good volume leading to ER.
Shake Shack has bottomed
RSI looks to have bottomed and is in reversal.
Perfect retrace to Fibonacci golden pocket.
Stochastic has reset and now crossed bullishly.
histogram ticking higher.
MACD decline stalled.
7 MA now support.
$ shak Ready for a feast in Shake Shack Starting to look tasty, but not quite yet, alert set for break above resistance.
Any bullish move in this could trigger a fantastic rally.
Shake Shack ($SHAK)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 any way related to finance.
