C9F trade ideas
$CMG INSIDE DAYCOILED PRETTY GOOD HERE GONNA WAIT ON PRICE ACTION TO DECIDE DIRECTION- LOOKING FOR A BREAK THROUGH RANGES ON A BREAK UP OR DOWN GIVEN A REVERSAL PATTERN ON THE 15 OR 30 MIN
Someone educate mePlease explain the Chipotle valuation with a straight face. Doing some quick googles.. 120 burritos per hour, 1,320 burritos a day sold out of 2245 location nation wide. Approximately, $13k daily in gross profit. The profit margin on a burrito I imagine can't be more than 5 dollars. Net profit of 6.6kish daily? 2.4ish mil net yearly on the menu item of a burrito per location.
Operating cost of 200ish million? Net income 172 million? Seems like some locations aren't pulling their weight?
Ready for the kicker?.. Market Capitalization 13.2 Billion.
I believe this Chipotle ticker is one of the leading edges of the asset bubble..
$CMG SELL SETUPChipotle bearish, as the market has been very weak Chipotle has been range bound, play the range until we have a breakout.
Scalper - CMG - 15m chart - Oct 19, 2018Based on my proprietary indicator (in testing mode):
Long
Entry on green arrow
Exit on red arrow or stop loss or target hit
Short
Vice versa
Scalper - CMG - 15m chart - Oct 18, 2018Based on my proprietary indicator (in testing mode):
Long
Entry on green arrow
Exit on red arrow or stop loss or target hit
Short
Vice versa
Scalper - CMG - 15m chart - Oct 17, 2018Based on my proprietary indicator:
Long
Entry on green arrow
Exit on red arrow or stop loss or target hit
Short
Vice versa
Swing LowChipotle at swing low in downtrend channel. Expecting a move up to the 465-470 area near the 20DMA
CMG CUP WITH HANDLE BREAKOUTCMG CUP WITH HANDLE BREAKOUT on weekly chart, pull back finished at end of Aug, 2018, Long opportiniry.
CMG long swing Bullish swing for me. Hammer reversal last Friday with continuation today off of the lower channel support
looking for short to form right shoulder of ihspotentially forming around $390 lvl 50% fib retracement lvl
cmgLOL morgan Stanley likes it now after it doubled off the lows... well maybe it's time for a pullback then
Chipotle (CMG) earnings preview: bright times ahead?Investors are excited about the new CEO's (Brian Niccol) ability to reinvigorate the brand. Niccol and the overhauled executive team are saying all the right things to drive guest traffic in the near term (most notably, digital order pickup shelves, in-app delivery and catering functionality, and an afternoon taco/drink value platform), while shoring up the expense structure (a corporate reorganization that would eliminate multiple layers of corporate expenses and close 55-65 underperforming stores).
The Chipotle brand could go a long way under Niccol's leadership, given several new products in the pipeline (quesadillas, nachos, avocado tostadas, chocolate milkshakes) that should stimulate consumer curiosity without adding undue operational complexity. Other encouraging developments are the introduction of a rewards program, along with new ingredients, sauces, and portion sizes, as well as the possibility of technology-infused layouts.
www.finstead.com
Sell your CMG, risk against higher high on weeklyCMG: we still in downtrend on weekly. 3 part bull div on daily is probably related to weekly trying to make a higher high (it hasnt yet). This could be a sell opportunity with stop if we break higher high. The target would be the gap fill and weekly volume profile node. Because its a short, on a daily-weekly timescale, and the r:r isnt great, this is not a perfect trade.
CMG holding nicely in this market for short term play$CMG is hold nicely on the hourly in this down market worth a shot on the weekly 475 option. I would hold overnight but exit tomorrow. Know your risk tolorerance
