SHAK-SELL strategySo far it is reacting the right direction. We tried higher, and we added. Now we require break of $ 66 area en route $ 55.00.
\Keep profit level @ $ 57.00 now and stop-loss only if required above $ 78.
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About Shake Shack, Inc
Sector
Consumer Services
Industry
Restaurants
CEO
Randall Garutti
Website
shakeshack.com
Headquarters
New York
Employees
11.704K
Founded
2014
ISIN
US8190471016
Shake Shack, Inc. engages in the operation and licensing of Shake Shack restaurants which serve burgers, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and more. The company was founded by Daniel Harris Meyer on September 23, 2014 and is headquartered in New York, NY.
SHAK-Remain short or SELL strategyRemain short, or SELL strategy for the SHAK. The stock is overbought, and the pattern suggest we are ready for a move back towards cloud support @ 58.00.
Strategy is sell $ 65-66 and take profit @ 59.50 for now. Stop-loss if needed @ $ 72.00.
SHAK- Sell strategyThe move up is little extreme. RSI is overbought, and we are far away from cloud support $ 56.50 area.
Strategy is SELL @ $ 66.40-66.50 and place profit order @ $ 58.75 for now. Stop-loss only if one wishes too maybe $ 78.00.
SHAK: Short-Term Pain + Long-Term Gain 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
Look for buysHello,
Shake Shack is an American fast casual restaurant chain based in New York City. Q2 2022 operating profit at $42M with the profit margin at 18.8%. Food and paper costs were 29.6% of Shack sales in
the second quarter. More details on their website.
Good luck.
SHAK SELL ++Still a money losing over priced burger joint! $30 next longer term support. Looking at the chart SHAK has bounced off temporary support almost a dozen times, this doesn't bode well for longs IMOP. Consumer is cutting back and trading down. With good solid dividend paying companies like MCD why
SHAK SELLI've shorted this stock several times much higher. Currently it's overbought on several time frame charts on multiple technical indicators. I don't care an insider bought shares, how'd that work out for Reed Hastings NFLX at $351 and dozens of other insiders, means nothing especially with no PE m
SHAK SELLAdded puts to my position today we are approaching Fibonacci resistance, cloud resistance, overbought on several time frame charts and various technical indicators.
#shak - New all-time highs? #ShakeShack @shakeshackShake Shack has just broken out above the June 2020 high.
This could be the start of a bull run to new all-time highs.
The low at USD 47.12 musst hold.
Greetings from Hannover
Stefan Bode
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This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
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