Shake Shak (SHAK): Super Bullish!! by haejin

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money · @haejin ·
Shake Shak (SHAK): Super Bullish!!
<center>![](https://steemitimages.com/DQmWPk9pGawtxkJQ11KtjmsDaJ4Nnz84ggyRCdVJsq6f8TZ/image.png)</center>
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**SUMMARY**

I've eaten at a Shake Shak (SHAK) and didn't care much for the food. The hamburger rolls were soggy because they wrap the burger and all the steam gets absorbed by the bread. Fries were ehh...ok. The shake was great! Though none of this means that SHAK stock price can't skyrocket!

The below chart shows a very nicely developing Cup & Handle where the left wall and the basin phase (blue box) are complete. Currently, the right wall is being built with vigor! Look how the price has vaulted and gapped up! Very exciting days are ahead! 

![](https://steemitimages.com/DQmf2fqjuBgLGfcuC3fSQ2eFQkUNpfQNCGBd3ryrTkFSGwD/image.png)


The Elliott Waves show that thus far waves 1 and 2 are complete and its no wonder why price gapped up because such is the trait of a wave 3. The rise target is $99.47 before a sizable correction takes place in the form of the handle pattern. The MACD is about screaming for release!!
![](https://steemitimages.com/DQme2u8QbVT1rES1dw6a9UFXNdBMc1djAHjPGr6Tb5zEWdw/image.png)



**Legal Disclaimer**: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes. </center>


Please consider reviewing these Tutorials on:
[Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin)
[Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves)
[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
[Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). 
[Laddering Example with EOS](https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this)
[Tutorial on the use of Fibonacci & Elliott Waves](https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves)
[@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences)
[Essay: Is Technical Analysis a Quantum Event?](https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event)

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<center>https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif



<center>https://steemitimages.com/0x0/https://s1.postimg.org/231h83mh7z/U5drx_NFe_Q4_Nn_YGEb9rq2_V47_X6_Yk_AQsm.gif</center>
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vote details (353)
@izge · 
Quite an interesting information.
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@zahiduli · (edited)
Thank you for sharing  your opinion
Your writing is so beautiful I would like to write in such a way that if you have any reason, please tell me
>>>>>>>>>>>>>
## I am waiting for your replay
https://steemit.com/@zahiduli
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@tommynsin · 
Oh, great to buy at this time
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@luiggih · 
Buy the dip sell the high!
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@luiggih · (edited)
$0.57
Kinda agree with the cup and handle.
However, short term SHAK is the easiest short in town:
Most gaps tend to be filled.
(15min chart)
![SHAK.JPG](https://steemitimages.com/DQmePao1Evv7YibYLTt9q7AeEYtyE11oTqwvEh9hAtj1R3k/SHAK.JPG)

https://steemitimages.com/0x0/https://steemitimages.com/DQmWMKpSG9bBdSzXogCJ5RY27ZHnPAm3AMRSd2EFxRVfAj8/shakt4.JPG
Full post about this <h1> EASY SHORT 
https://steemit.com/bitcoin/@luiggih/shake-shak-shak-short-the-high-haejin-says-bull-i-say-easy-short </h1>
👍  ,
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vote details (2)
@tjfire · 
In other words: short, cover, then buy!
👍  
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@luiggih · 
Just like that
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@ahmedibrahem · 
We hope the price of steemit will be higher than the rest of the currencies. This is a big dream.
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@luiggih · 
What do you think about this easy short?
https://steemitimages.com/DQmeUxw3jg9Dan55tvHgsMLekLV17hdbJsFPvQHjoeZCuXd/shakt3.JPG

More charts at: https://steemit.com/bitcoin/@luiggih/shake-shak-shak-short-the-high-haejin-says-bull-i-say-easy-short

Most gaps tend to be filled over time, don't they?
👎  
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vote details (1)
@morseke1 · 
With RSI of 87, no way short term there isn't a correction.  Buy Puts or short!
👍  
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vote details (1)
@cryptoaritra · 
It is a trade with risk favoring the sellers. With 80% RSI, I dare not enter a long position. 
![shake-may9.png](https://steemitimages.com/DQmRZKMVQWPhPp7dvEfZS9pLhZc2A5fNfUQULvuDunc9UeC/shake-may9.png)
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