MichaelMF

Gonna be a SHAK Down

Corto
NYSE:SHAK   Shake Shack, Inc.
Up a little bit, looking like descending triangle. Typically breaks to the downside. Upside potential on small tf, but may not be enough to move it out positive. I'm thinking we'll see enough upside to raise rsi on some time frames a bit from way overbought. MACD on daily weakening.

Short term: going up.

Medium term: down to around 55-56.

Potential support at 55 and change at blue line.

Purely speculative. Not advice.

But it's also winter. Who buys a shake in the winter?
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