This gap today shook out some bullish traders. Hourly chart looks "fantastic". R:R is good. Let's see what happens. SHAK is notoriously hard to short (FYI) We have exited our bullish swing trade already (before earnings) for a profit.
1. Ascending channel lower range. 2. 50% fib testing in chop range 3. Descending Pitchforks. 4. WT LB 3 touches of R fading.
Short idea from ascending broadening wedge supply line
Nice bearish candle at a key resistance level with a strong downtrend!
Watch for 1-2 day pullback or Consolidation on Daily Chart Long Entry over this weeks bar
I don't know man, but look! This is a bullish chart. I want to have it for my reference
An hourly close above the 7-week-long bearish trendline provides a great opportunity to go long SHAK, which has made a strong bullish move at its daily support zone. With low float, high volume, and an appearance on Friday's Top Gainers for many popular signal services, there is a high probability of more bullish movement in the upcoming weeks. Enter on any...
I've been waiting for a bounce on this stock for a long time (since I couldn't short it back on 6/2) earnings on 8/12
SHAK has completed a downward break from the neck that matched the distance from the head to the neckline. The stock has now paused and will likely bounce up for the short term. I expect the target will at least reach the lower left shoulder neckline. The target should be reached in the next few months. There is resistance at the red line which was defined...
MACD marginally bearish. Be patient for bullish xover and let Smart Money establish a real trend first.
Keeping a close eye on SHAK bearish. Two strong bearish gaps that have been unfilled. On a daily I think we just completed a wave B and are about to roll over into C Considering July $80 puts
Bullish move on SHAK due to close above 79.50. It might retest 79.50.