looking for short to form right shoulder of ihspotentially forming around $390 lvl 50% fib retracement lvl
Trade ideas
cmgLOL morgan Stanley likes it now after it doubled off the lows... well maybe it's time for a pullback then
Chipotle (CMG) earnings preview: bright times ahead?Investors are excited about the new CEO's (Brian Niccol) ability to reinvigorate the brand. Niccol and the overhauled executive team are saying all the right things to drive guest traffic in the near term (most notably, digital order pickup shelves, in-app delivery and catering functionality, and an afternoon taco/drink value platform), while shoring up the expense structure (a corporate reorganization that would eliminate multiple layers of corporate expenses and close 55-65 underperforming stores).
The Chipotle brand could go a long way under Niccol's leadership, given several new products in the pipeline (quesadillas, nachos, avocado tostadas, chocolate milkshakes) that should stimulate consumer curiosity without adding undue operational complexity. Other encouraging developments are the introduction of a rewards program, along with new ingredients, sauces, and portion sizes, as well as the possibility of technology-infused layouts.
www.finstead.com
Sell your CMG, risk against higher high on weeklyCMG: we still in downtrend on weekly. 3 part bull div on daily is probably related to weekly trying to make a higher high (it hasnt yet). This could be a sell opportunity with stop if we break higher high. The target would be the gap fill and weekly volume profile node. Because its a short, on a daily-weekly timescale, and the r:r isnt great, this is not a perfect trade.
CMG holding nicely in this market for short term play$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
Bullish Breakout - DailyPlay for Wednesday June 6th, 2018The bullish DailyPlay we chose for Wednesday, June 6th is Chipotle (CMG). CMG is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 7.99% move higher and its 1m/6m trend has turned bullish on 5/4 and recently broke above its $107 resistance level which now becomes support.
Chipotle's 1m and 6m trends turned bullish on 4/16 and recently broke above its $450 resistance level which becomes support. With a technical score of 10 (out of 10), CMG is a strong bullish stock that will likely continue higher.
View this Trade Idea on CMG - app.optionsplay.com
As a stop loss, if CMG was to trade below $450 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
CMG can rip up anyday nowDaily above 9 and 20ema.
Broke out of small flag while basing over 20ema for few sessions.
Well defined stop right below immediate support at 427.
Weekly looks even better (High tight flag pattern) with 4 weeks of consolidation between 420-440 after the earnings gap up.
$CMG Breaking out of tight consolidation$CMG Breaking out of tight consolidation. See chart for some possible near term targets based on resistance levels.
$CMG Wedge on 30 minute chart $CMG Chipotle forming a wedge on the 30 minute chart. Will go long once it breaks
CMG Daily shooter after earningsInside bar after earnings is one of the inside bar trades that can break the 8ema rule as the earning day may be taken as a whole new start,
which implies strong potential momentum.
CMG had a 25% rally after the earning report to come back to the stage,
and it gave a daily shooter here, I like the long much more than the short though.
Of course, if it breaks to the downside, the room of correction also looks juicy to trade the gap filling,
but I'd rather skip the trade with regards to how it soars to the sky.
That is, if it breaks to the downside first, this trade doesn't exist anymore!
Let's see how it goes!
This looks very yummy for my favourite mexican grillI would wait awhile and then buy this mexican grill, it truely looks amazing <3 tromendeous , glorious
CMG Potential Correction comingChipotle is completing a broadening falling wedge that has potentially one more corrective leg down before a huge pop upwards.
Still a good company, earnings might lower next time around causing market stock price to fall a bit before running upwards in the summertime
definitely a promising stock
CMG earnings trade setupIf it gaps up and crosses 351 you can swing trade this to the 100MA on the monthly chart. If it gaps down below 307 it will break a head a shoulders on the monthly chart and you can swing trade this to 247ish level.
CMG is not doing well...CMG
Core APP:
Investor Confidence Level: 60%
Reason: Relatively Big Company from 1993, 2198 Restaurants, Sharp drop in 2016 EPS
Negative EPS, the company is unable to sustain it's growth,
--------------LEGAL ISSUES!--------------
www.benzinga.com
Fair Value: N/A
TA:
Mid May 2017, the company is facing big issues.
Looking at $269 at Support, and Resistance at $340
Next Support $251
Holding Period: 3 months
Potential Gain: $71
From past earning, we see a sharp fall on earnings date, may consider short sell for experience trader.
*For beginners, please don't touch.* SKIP!
RSI: Within Range of 40, no strong signal
Stochastic Full: Within Range btw 25 & 50, no strong signal
EMA 20,50: short term uptrend
EMA 200: long term downtrend
Volume of trade: Normal
*Don't buy into a long term down trend* ~ One of the golden rules of investing....
Market Sentimental: Consolidation (Investors are confused)
Reason: Bad events, Hygiene issues, E. coli outbreaks, CMG has not been able to get customers back to its restaurants
*Not a recommendation to buy or sell, case study only.*
Options available
DYODD
investorplace.com
CMG Year to date double top and condensing of the MA under the 200.
CMG about to make a move and it looks like DOWN is the way to me...
