Uptrend
As you see, there is a reaction to s/r level at $100 and after passing out of it, you can see a pullback to this level. You can get a buying position right now or after passing of 108 successfully. below 100 can be a sure place for setting SL and next target at about 138.
Good luck
Shake Shack ( NYSE:SHAK ) stands out as a beacon of success. The gourmet burger chain has defied expectations, reporting a stellar quarterly performance that has sent its shares soaring by a remarkable 21%.
The secret to Shake Shack's ( NYSE:SHAK ) triumph lies in its ability to tap into consumers' cravings for high-quality, indulgent dining experiences. While...
Shares of fast-food chain Shake Shack (NYSE:SHAK) jumped 6.8% in the morning session after the announcement that Randy Garutti, the CEO of the company, will retire in 2024 upon the selection of his successor. The Board of Directors, spearheaded by Korn Ferry, has commenced an external search for a suitable replacement. Additionally, the company reaffirmed its Q4...
While we love Shake Shack The stock market right now is not.
it topped out with a H&S that broke followed by a Head test that failed.
Now it is breaking a key area of a bigger structure which is bad JUJU for bulls. CAUTION!
Hi guys! This is a Macro analysis into Shake Shack (SHAK).
We will assess various developments occuring in the charts, shedding some light into whether we are in a bullish or bearish overall trend.
The analysis is done on the 1 Week timeframe.
When looking at the Price action of Shake Shack.
We have recently been REJECTED from a Major Resistance Trendline (RED...
Hello,
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.
The rise since May 30th has been consolidated for 6 days. I think that this may be enough to continue the rise. The danger of another downward test is not over however as we have not yet overcome the weekly range decisively.
So 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.
Remain 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.
The 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.
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 in share price.
This time may be different ((we may see some...
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 would anyone gamble on this company who likely will be in BK in...
I'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 money losing companies. Purchased 35 August 19th $45 puts.
Added puts to my position today we are approaching Fibonacci resistance, cloud resistance, overbought on several time frame charts and various technical indicators.
Shake 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
After many weeks of downtrend, SHAK has found some support on demand zone on weekly time frame. Here we can see some divergence occurring with MACD and squeeze momentum. There is an inside bar currently and also a squeeze occurring based on the indicator. I would do 80-85 calls from May or June to give adequate time. I hope this helps :)
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.
