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CheelooTrader

SHAQ - Breaking out of falling wedge

Long
Shake Shack, Inc. (NYSE:SHAK)  
CheelooTrader Updated   
NYSE:SHAK   Shake Shack, Inc.
Trend Analysis shaq FOOD restaurant
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trendanalysis shaq food restaurant
  • holding well above all short term MAs ++
  • Breakout on 3D timeframe ++
  • Favorable market conditions +
  • Still below 3D VWMA...would like to test 82 and consolidate below for push higher.
Trade active:
Came close to how I expected it to behave...sold off on ER but R2G move. Expect it to consolidate below VWMA and push higher.
Trade closed: stop reached
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