Shake Shack (SHAK) is in a bearish swing and is approaching its record low at 30.00. As we will see on the weekly chart below, this 30-31 area is a critical support range support. Shake Shack (SHAK) Daily Chart (click to enlarge) Support at 30:- Price has been holding above 30 since the beginning of 2016. This suggests it might hold again. Why not?- Well, the prevailing trend before 2016 was bearish. - Also, I think the ongoing trend towards healthier (more plant-based) food products is a limiting factor for growth, though I still love their delicious burgers and shakes at a baseball game. - Still buyers will have good reward to risk for an entry close to 30, like 30.50. - We can put a stop just under 30, let's say 29.- If we have a conservative bullish outlook, we would limit it to 35, around the middle of the current range.- Let's say we get in at 30.50. Then, the reward to risk is 4.50:1.50, or 3:1.