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Cmglong

Don’t Sleep on $CMG - Is This the Start of Fresh Rally?Could be!I've been a fan of Chipotle and I think I am beginning to like the set up of its chart now. After that long downtrend (gap down) from the $52s, NYSE:CMG finally looks like it’s trying to carve out a bottom base. You’ve got a clean breakout from the descending trend line and a solid close above short-term resistance near $41. Volume picked up — that’s confirmation you want to see when something’s flipping sentiment. The stochastics are curling up from oversold, signaling a momentum shift. The 50-day MA looks ready to flatten and possibly turn up. If this move holds above $40s (a psychological and technical level), this could trigger a bullish reversal wave toward that $46–47 range next, where the 200-day MA sits as the next wall. It would be nice if that gap would be filled at no time, similar to what happened to our recent trade to ( NYSE:LAC ). Bigger picture: $39–$40 zone is the make-or-break level for bulls. Lose that, and it’s back to the base-building zone around $37. But if momentum follows through, this might be the early stage of a trend reversal rather than just a bounce. If in case this price action holds up above that line $41.76, I will start a small position even if I got an average cost at $42s. Then if this uptrend pattern follow thru - I'll add more. I'll put my stop at $36. It's kinda loose but this stock is not as volatile as the AI's so I will give this time to play out. I'm a bit worried about the US Shutdown as people will definitely try to cut down their expenses, so there will be a factor to the final quarter store revenue of NYSE:CMG , but let's see... So again, manage your trade carefully and God bless you all. Happy weekend.
NYSE:CMGLong
by blue039
1
CMG - 13.50% Potential Profit - Ascending TriangleAscending triangle formed after a 9-month monster rally followed by a correction period. Price seems to have graduated from its uncertainty and ready to keep that rally going. Support held strong in the past two weeks and I feel that the risk/reward ratio is excellent on this trade. Positive vaccine news could act as a catalyst. - Target Entry $1406.15 - Target Stop Loss $1384.94 - Target Exit $1598.50 About me - P/L: Oct-Nov-Dec Trading Suspended | September +49.18% | August: +232.32% | No Trades without Analysis - Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
NYSE:CMGLong
by maschera