CMG pierced its first major resistance at 480 on 2/11, and has trended slightly up and sideways since then. Right now the stock appears to be finishing its second attempt to pass through a second major retracement and resistance level at approx. 530. Based on the RSI, the low volume on its last two positive gains, the recent failure to close above 530, and the...
Silly bulls, this burrito fell apart before the E Coli scares. Stick with the trend until it's broken...
Chipotle Mexican Grill formed bearish pattern called Cup&Handle with lower high (reversal candle) on 6th of October. Important level of support was at $649 and was broken yesterday with conviction. Combine it with $SPX break down of 200 EMA first time since long time and that is how you get in on the right side. Risk Management: ENTRY was at $649 break. After 3...