darcy kincaid

CMG - Long Term perspective for investors and traders

BATS:CMG   CHIPOTLE MEXICAN GRILL INC
326 15 0
CMG             received it's first kick in the pants for a long time recently when earnings failed to meet expectations.High-flying aggressively bought parabolic stocks are always a hair away from a quick "correction", and this is just a recent example as a reminder.

Fundamentally the earnings report was still strong in our opinion, though it is difficult to believe that growth can continue at the recent pace due to a continued rise in food prices. The question is will CMG             be able to pass those increases along to customers without a slowing of same store traffic?

From a technical standpoint we see nothing more dramatic than a normal retrace or pullback after a significant price target is reached. It is normally a healthy event in which profit taking is accompanied by a temporary sell-off back down to the next support area . This is exactly what has occurred. The question is, can the gap be negotiated or will it prove to be insurmountable at this time?

As is normal, once the 1st target was reached on the short side there has been some profit taking. Coupled with that is the re-entry of longs at the same level and this has created an updraft that has propelled price to the first short area.

The chart shows the working short as well as the working long setups on the LT             time-frame. Usually our LT             setups are shown on a Weekly chart but the Weekly doesn't show the recent gap down.

We have identified the first two aggressive short ranges and their respective 1st targets as well as the first target for the Intermediate Long.

Trade the chart and trade safe.
$60 drop in price in less than 3 weeks and only 5 away from 1st target. Prudent shorts had a stop loss at 290.50 and have reversed to capture more than $14 price move on a counter-trend long day trade. Intraday short has hit the 1st target but is not being sold aggressively at this point.
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darcy kincaid PRO darcy kincaid
Intraday short working nicely on 60 min chart.
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darcy kincaid PRO darcy kincaid
Intraday Short $1 away from 1st target. Another $10 move for the stock.
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darcy kincaid PRO darcy kincaid
Intraday Short 1st target reached. Closing in on 2nd.
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darcy kincaid PRO darcy kincaid
Tuesday's low broken. Only $4 from 1st target of Aggressive Short, a move of $60 in less than 3 weeks.
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darcy kincaid PRO darcy kincaid
Intraday 2nd arget reached. Only $2 from 1st target of Aggressive Short, a move of $63 in less than 3 weeks
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Who's opinion is this? Your description says "we", "our" but who is that? When you refer to previous sell signals, do you have links to charts to show that you had made those forecasts? Thanks.
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Though we haven't had an opportunity to read many of the posts on this site it appears that you are one of the more active regulars. Would it be possible to enlist your help in resolving an issue we are experiencing?

A "disagree" appeared re one of your posts and it was completely unintentional, must have been a mistaken click while we are becoming familiar with the site. I posted a question re it in the feedback section but have received no response.

If there is a way for us to remove it, we would certainly like to rectify the situation. Appreciate any assistance or advice you can offer.
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