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/s...tock/quote/SHAK?q=shak
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
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/s...tock/quote/SHAK?q=shak
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
Trade closed: target reached:
Opening order credit of $3.20. 2 Contracts. Close order $1.44.
Profit $349.05 on 2 contract spread. 1 day hold.
Profit $349.05 on 2 contract spread. 1 day hold.