Trading Ideas
Review of META's breakout from resistance + another ready to breakout
Let’s Revisit Meta’s Breakout
On September 17th, I wrote about an imminent breakout in META. By my work and by my eye, it looks strong.
Keep pressing. Add to longs.
🟢 META - 2 Charts
1️⃣ ➡ Daily chart - no lines, no drawings, no bias
2️⃣ ➡ Same chart - clearly defined uptrend, price consolidation at a clearly defined level.
Price has broken this level. Press the bet, add to longs, or wait for the re-test and confirmation at a later date.
Let’s move on…
This week I’ll be watching Shake Shack to break above its difficult level to play for a swing long.
Let’s review the charts…
🟢 Shake Shack - SHAK
✧ Daily chart over the last 18 months. You can see the imminent breakout with the naked eye. 👀
✧ But if you can’t, let me help you…👇
✧ Add the 200 day moving average…
…trend is up…
✧ Throw in a support line….
Wait For The Break Above Resistance
✅ Break above $111 and it’s go time…
That’s all for today. Thanks for reading. Let’s make some money.
Eric