Shares of Shake Shack (SHAK) rebounded from a common price support area around 30.00 in March. It has since been recovering and tagged 34.20 last week. While it seems to be making a recovery, I think we should monitor the current price up to around 35.75 for resistance. Shake Shack (SHAK) Daily Chart(click to enlarge)Neutral-Bearish:- We should note SHAK has been in consolidation since the start of 2016, as we can see in the weekly chart below.- Before that price was bearish. After tagging 96.00 in 2015, it slid all the way down to 30, which is the support we noted previously,.- Therefore, the mode in the long-term is neutral-bearish. - With this bias, we should anticipate resistance within the range as well, not just at the 42-43 resistance area, which was also the 2016-high.Resistance:- The daily chart shows the upcoming resistance factors.- 34.25 is a previous support area. 35.00 was also a support area. Thus we can anticipate resistance in the 34.25-35 area.- There is also a falling resistance in this area. - But if price extends higher, it should meet another pivot around 35.75. Also note the 100- and 200-day simple moving averages (SMAs) just under 35.75. - In general, we can say that the 34-36 area contains some key resistance factors we should anticipate some selling here.Downside Risk:- If price indeed holds under 35, or at most reaches 36 and quickly retreats, the chart would look even more bearish. - In this scenario, the support at 30.00 will look vulnerable. A clean break below 30.00 would likely open up a sharp bearish swing.Shake Shack (SHAK) Weekly Chart(click to enlarge)