Let’s take a look at the weekly chart as you always should. Are you at the top? Why yes, yes you are. Look at the fundamental as well. Pe is probably very high. Sit on the side and wait for this to crash before buying.
I have Shake Shack in a possible 4th wave and starting to make higher highs. Would watch price action if it breaks trend line to see if volume comes in. Could start forming a position now. Targets are from wave 5 fib extensions. Good Luck!
$SHAK has grown in a picthfork over the past year. Seems to be breaking out as we get closer to a post-COVID market. I am looking for it to really climb in late April/May but there are some clear short term growth markers for weekly swing trades if it is played right.
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 $80.00
MACD and Histogram bullish as volume rises
![SHAK: BUY SHAKE SHACK [$SHAK] | 4.10.2021 | @StockDweebs](https://s3.tradingview.com/z/z3yVXt1l_mid.png "BUY SHAKE SHACK [$SHAK] | 4.10.2021 | @StockDweebs")
