CMG
CMG Trading SidewaysCMG is currently very extended and has bounced between 1320 and 1565 in 2021. With the two major pullbacks in CMG occurring when the stock had an RSI of above 60, it seems very likely that the company is due for another pullback now that the RSI has surpassed 70.
On the other hand, the stock does like to be volatile and can fake people out like on March 5th when it looked like the stock was going to break downward, however, the stock ended up returning back to the channel. I would not be surprised if CMG did it again and psyched people out by destroying shorts and then finally plummeting back to the 1320 range.
CMG TightCMG is getting super tight. I feel like i am constantly using that work "tight", but thats what I am always looking for in up trends. After a consolidation a move will happen. If its in the direction I have anticipated, I will make a measurement to see if it fits my risk profile. If the risk fits I will take a position. I do not have a 50% batting average. Most traders dont. So I always anticipate that my stop will be hit. No matter what, if my stop is hit, I am out.






















