CMG bullish entryWhat a week. This is a nice one to jump into. Higher price but this thing can move.
CMG
CMG signaled near it's high......but it's a little pricey. Not for everyone. Target price is $1,350.35
technicals are looking decent here imo. Let's see what happens here.
I do love this ticker
NYSE:CMG
CMG: A beautiful short setupCMG has achieved upside targets and should be ready to correct lower. Initial target is the 61.8% retracement.
Short CMG? - MaybeSo, here we see CMG Weekly. Big wide range over 7+ years.
What's most interesting to me is we are certainly at the top of that range.
Add to this that we are almost exactly 2x the width of the C19 fall.
Oh, and don't get me started on EPS and Price/Sales metrics, not that those matter, ever.
But just overall, C19 is still a thing, different states are different stages.
Does one REALLY think the growth will be able to keep up to sustain this valuation?
Yes, I'm looking to begin a short position this week. My guess is we fall back to ~1150 over the next 60 days.
Good luck everyone.
1H CMG LongChipotle has broken out of a bull flag and is now retesting. I'd like to ladder some longs starting at $1130 all the way down to $1118. Stop loss just a bit under recent low around $1099. Price target $1200
CMGCMG
I WOULD GO LONG OVER 1132
TRADE IDEA: 1150C
SPREADS ARE WIDE. SO IT'S KINDA DIFFICULT TO TRADE OPTIONS ON THIS ONE.
Chipotle Mexican Drill $CMG "Breakout"$CMG is launching a new breakout. The volume was above the average yesterday. There might be a pull back to test $1087 before it continues to rise
12 months Consensus Price Target: $898,19
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
CMG Short: Guac is extraI wouldn't be a trader if I didn't attempt a short here. Starting to look for shorts on stonk market, not going ape shit though. Eyeing $750 by end of July for CMG.
Divergence on volume dismissing,We have a divergence here.
Also a pennant on top with remarkable volume dismissing. Short on 1060 target to 990 as we have a strong support there
CMG: Your order is ready to go! (short)CMG hitting top of trendline extension on a MASSIVE rally. This meal is cooked and ready to drop.
5.15.2020 CMG Short - Bearish divergence weekly, COVID19 pumpBearish divergence on the weekly
Sales worse than pre Covid19
Are sales going to be better after Covid19?
-NFA
CMG (2H) / Bullish Elliottwave CountAlthough, we see this poor channeling again, hard to believe this isn't an impulse (slope, extensions, 2x)... Another stock to watch.
CMG SHORT: Gonna head lower next week CMG has enjoyed a massive bounce from the lows and has been coiling tightly into the bearish wedge. It has now also backtested the broken uptrendline and here is a good spot for a short. I expect CMG to break lower next week and perhaps to even test the March lows.
CMG - Going into EarningsCMG has a resistance at 827, and support at 752.
But has the trendline as mentioned above, going into earnings. If this breaks the bottom, We should see testing the support.
May test the resistance if the monday is green.
Trade at your own risk.
Fast Food Stocks: Chipotle Mexican GrillChipotle Mexican Grill Trading Plan.
Chipotle Mexican Grill, Inc., often known simply as Chipotle, is an American chain of fast casual restaurants
in the United States, United Kingdom, Canada, Germany, and France, specializing in tacos and Mission-style burritos.
Disclaimer:
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
CMG Gap at 343$CMG printing a bit of an exhaustion candle. Gap to fill at 343 or so.
Might be a good short here.
Will $CMG find its way again?NYSE:CMG
A day after an earnings beat, Chipotle decides to veer off course. It falls right out of the channel its been creating since November of last year. With a pretty good earnings report and projected first quarter of 2020, there is definitely room to grow. Strong revenue, more locations, and changes in their menu will keep this stock flying in 2020. It's just a matter of how high.
Market Legend Who Called Chipotle Best Rally Ever Sold All!Market Legend Who Called Chipotle Best Rally Ever Sold All!
Alex Vieira on Chipotle Strong-Buy since $380 Reduces Stake $900Alex Vieira on Chipotle Strong-Buy since $380 Reduces Stake $900
1000$ for cmgit’s coming. i have a feeling we have a lot more bull market left all around. enjoy while it lasts
