$CMG confluence of down trending line (red dotted) and tight pivot right at its 200 MA.
This is way too early for Minervini style setup so know that.
I'll just be watching. would rather let this setup a bit higher after a confirmed down trend break.
None the less, tight pivot.
Neutral until broken.
No recommendation
Short interest around 3.8%
Price remains above the .382 of the trend up.
Resistance trendline has been rejected twice.
The PEAD projected a Neutral outlook for $CMG after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 42.86%.
Rsi strength crossing above 50, adx shows the previous downtrend weakening changing trends, dmi staying to form bullish, staying above the moving averages looks bullish, if it had broke below just before earnings I would have a bearish outlook, it looks as if the majority of Chipotle investors are going long into earnings, my research shows they are highly...
CMG has raised itself above a dominant down channel on this 4Hr chart
This is all contained within a large megaphone structure
I expect price to dip and retest the top of the down channel , then this allows price to rise further up
Looking at the bearish divergence and fib retracements, CMG appears to have completed a fairly strong corrective wave after an initial sell-off form ATH. This suggest a C wave is inbound, either flat or a strong impusle leg down. Upside limited considering that the consumer behavior that led to strength supporting the current levels is likely to shift again in the...
Possible stop below bottom trendline of the flag.
This looks like a pull back may be coming. A lot of green with an anemic candle up there right now.
This candle could change by close.
No recommendation.
Maybe watch overbought levels.
RSI is set on 80 and 30.
this scamz vertical severy overbot, do thu Aug 26 1600-1670 PUTS u'll b rich.
we're down quite uh bit on this short now unfortunately. added 1670 PUTS for
next week
Chipotle hit upper limit of the trend. Yesterday I bought Dec 21st 1500$ PUTS at 9000$ average. Max stop-loss 2000$, max gain 10000$. Very high reward play.
