albert.callisto
Long

Chipotle - End of E.Coli?

NYSE:CMG   CHIPOTLE MEXICAN GRILL INC
48 0 1
After it had been severly beaten with a bottom at 400, the Chipotle stock stopped bleeding and, at least from a technical point of view, is turning bullish in its ascending channel. Ichimoku helps us to define some levels for a long entry. We have a weekly Kijun around 580 and a daily Kijun evolving at 490 that is providing some nice support. Note the cloud turning bullish as well on the right. For a lower risk entry, one may wait for the lagging span to get out of the cloud.

Remember: technical analysis helps to find WHEN to enter, but fundamentals (especially for such tomato stocks ) tell you IF you should enter.
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