Happy New Year
By Sun Storm Investment Research
A Profit & Solutions Strategy
Disclaimer: I am not a financial advisor, so please do your own research before trading anything
Who like Shake Shack burger ? Not for me as I am not quite into fast food with the occasional purchase of McDonald's fries. Now that I have remove meat from my diet, there are even less reasons to visit a fast food restaurant.
Despite there are so many fast food chain operators here in Singapore, it seems like more new players are coming into our little city....
The 6th attempt to break through $73.00 failed today as some
negative COVID news broke the momentum of the market.
Alert set once again for $73.25 for possible entry.
targets $77.00 $78.50 $80.00
MACD and Histogram bullish as volume rises
Possible Targets 2 88.8 to 95.5
A bull flag is a technical continuation pattern which can be observed in stocks with strong uptrends. The pattern takes shape when the stock retraces by going sideways (or by slowly declining) after an initial big rise in price.
A bull Flag only appears in an uptrend
No rising wedges
NV is high
Short interest mediocre
Not a...
Ascending Triangle breaking out after a 6-month uptrend.
Aggressive buyer presence in the past month. I will try to make the most of the recent drop and play the bounce. However, this is a highly-sensitive pandemic stock, therefore I will allocate 35% less capital than usual.
- Target Entry $65.20 (Buy Limit) or $66.50 (Buy Stop)
- Target Stop Loss $64.57
-...
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In this analysis, I will be explaining my on views on the high-end burger brand, Shake Shack (SHAK).
I'll be exploring the technicals and financials of the stock, as well as the overall business model of the...
SHAK is looking to break the rim of a Cup pattern @ 63.80. A "cup & handle" pattern that formed after a prior uptrend is a trend "continuation" pattern.
However we are seeing only a cup without a handlde at this point. 2 things can happen: this break up can fail and it began to form a "handle" pattern instead. In any case I would long the break of the rim (and...
