C9F trade ideas
CMG - Trade setupI love this support line.. if it breaks next support is the 100MA on the daily chart.. Good, real good money to be made here..
CMG Flag BreakoutCMG has been consolidating with a flag range, it has now tested the upward resistance at $721 four times. I'm playing for a breakout to the old highs at $745-750 range. All the moving averages are now curling up under, which is what you want to see on a potential breakout. Looking for 4-5% profit. Entered at $714.
$CMG Mexican Kingwhos ballzy enough to short dis, bear div appearing on 4hr + daily
for bulls, pray its an ascending triangle forming
Bigger pictures, a decline here would set up for a strong double top on the larger timeframe (2015 ATH)
CMG topping pattern and MACDCMG daily has a topping pattern and big downside divergence on MACD. Trying ^45 puts expiring next week.
CMG will drop big time!CMG is trending higher for a while now. Target of bulls achieved around the current range of $700-$720. I can't exactly tell when it will drop but this is the area we should be looking for a short opportunity, imho. Looking for a low target of $510-$490.
CMG - TRADECMG look to be trying to find some support at the 50MA.. Just broke a nice little 4 day rally.
CMG: I am ready. Are you?This needs to cool down and it should.
One of my TOP plays:
CMG: May 17th -- 645 puts
gl
$CMG CHIPOTLE HAS JUST GOT A LITTLE TO HOT.Today's downgrade was more than overdue, having run 84% in 4 months on not much fundamental news. We are short and thick this has a good few $$$$ to fall before finding stability. There is a lot of FOMO money in the stock that will be quick to sell so the sell side could intensify quickly.
$CMG CHIPOTLE MEXICAN GRILL ***it is over cooked****Not that much has really changed to CMG in the last year to give it such a high valuation, at the end of the day it is a food company with a P/E ratio of 118. Similar ratios are held by growth tech companies. When you consider McDonalds has a P/E of 26, that sort of confirms our short interest in CMG. $550 is a reasonable target for our short but will access along the way.
Chipotle--The E-Coli Diarrhea The 723ish area is an area that is of interest on the monthly, weekly and daily chart. With e-coli rumors spreading, and earnings on the 24th, I'm patiently waiting to short this area.
