I was hungry and hungry of speculation. look at that shake shack how is rising. after the initial over speculation it plummet at the ground like a big mac gone bad.
After the break out of the broadening channel it fall again in to the channel to come out again. For me it is a sign of streng. If you look good you can see a sort of inverse head and shoulder formation or the last leg of a bearish harmonic . Now it could be in a ascending wedge. If it break the second red line it has good possibility to test the top of the rising wedge before come back to the bottom.
RSI enter in acceleration buy level and it has space to grow up.
YUMMY
After the break out of the broadening channel it fall again in to the channel to come out again. For me it is a sign of streng. If you look good you can see a sort of inverse head and shoulder formation or the last leg of a bearish harmonic . Now it could be in a ascending wedge. If it break the second red line it has good possibility to test the top of the rising wedge before come back to the bottom.
RSI enter in acceleration buy level and it has space to grow up.
YUMMY