great earnings on this one but with a super high valuation and now showing signs of a double top here on the 4 hour chart there might be a chance here for some downside momentum with this heavily shorted name.
bounce off support @ $65, reinforced by 38.2 fib n 20 MA entry $65.50, stop $62, PT $79
I am giving this the Benefit of Doubt, No Options data to estimate the OI based break levels. Some real number Trading is what I am planning for this. LETS SEE, which side this breaks.
Nice one white solider on SHAK on the daily. :-) Double bottom on the hourly.. Let's see what happens and if we can get a good quick swing trade on this one to pay for a milk shake or two!
After SHAKs IPO it has beacome very clear that this stock will continue to slide