Shake Shak (SHAK): Super Bullish!!
SUMMARY
I've eaten at a Shake Shak (SHAK) and didn't care much for the food. The hamburger rolls were soggy because they wrap the burger and all the steam gets absorbed by the bread. Fries were ehh...ok. The shake was great! Though none of this means that SHAK stock price can't skyrocket!
The below chart shows a very nicely developing Cup & Handle where the left wall and the basin phase (blue box) are complete. Currently, the right wall is being built with vigor! Look how the price has vaulted and gapped up! Very exciting days are ahead!
The Elliott Waves show that thus far waves 1 and 2 are complete and its no wonder why price gapped up because such is the trait of a wave 3. The rise target is $99.47 before a sizable correction takes place in the form of the handle pattern. The MACD is about screaming for release!!
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Kinda agree with the cup and handle.
However, short term SHAK is the easiest short in town:
Most gaps tend to be filled.
(15min chart)
Full post about this
EASY SHORT
https://steemit.com/bitcoin/@luiggih/shake-shak-shak-short-the-high-haejin-says-bull-i-say-easy-short
In other words: short, cover, then buy!
Just like that
Quite an interesting information.
Thank you for sharing your opinion
Your writing is so beautiful I would like to write in such a way that if you have any reason, please tell me
I am waiting for your replay
https://steemit.com/@zahiduli
Oh, great to buy at this time
Buy the dip sell the high!
We hope the price of steemit will be higher than the rest of the currencies. This is a big dream.
It is a trade with risk favoring the sellers. With 80% RSI, I dare not enter a long position.
What do you think about this easy short?
More charts at: https://steemit.com/bitcoin/@luiggih/shake-shak-shak-short-the-high-haejin-says-bull-i-say-easy-short
Most gaps tend to be filled over time, don't they?
With RSI of 87, no way short term there isn't a correction. Buy Puts or short!