Long SHAK on Strong Divergence and TL Break at S/R Zone
An hourly close above the 7-week-long bearish trendline provides a great opportunity to go long SHAK, which has made a strong bullish move at its daily support zone. With low float, high volume, and an appearance on Friday's Top Gainers for many popular signal services, there is a high probability of more bullish movement in the upcoming weeks.
Enter on any short-term pullbacks. Minor resistance area below the unhit monthly pivot for July provides a nice target. SL should be placed below daily support area.
Enter on any short-term pullbacks. Minor resistance area below the unhit monthly pivot for July provides a nice target. SL should be placed below daily support area.
