SHAK One of my favorite setups is to take a stock long at the break of a resistance or break of support to catch the momentum of the move. Earnings are about 2 weeks out too so SHAK may rise into the ER like most stocks do.
MY setup is taking the break of Thursday's candle with March $50 calls. Keeping a tight stop in case it's a failure on the break up.
Target 1 is the 200 day sma and target 2 will be around the $60. Let's see what she does this week!
Once filled will give the trade 3-5 days to see how the momentum is.