$CMG Pulling Back$CMG on pullback watch (not while its falling).
3 lower lows after a thrust up. Should find buyers here if we are to resume building the right side of this base.
Trade ideas
$CMG tight pivot$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.
Descending TriangleNeutral until broken.
No recommendation
Short interest around 3.8%
Price remains above the .382 of the trend up.
Resistance trendline has been rejected twice.
$CMG with a Neutral outlook following its earnings #Stocks 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%.
Bullish for earnings report beatRsi 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 expected to beat expectations which should have bullish sentiment for the stock and send it higher. All 13 out of 13 analysts gave it a strong buy on Monday according to zachs which ranks it as a #1 strong buy and earnings beat also.
CMGI will give the name CHIPOLETE. Overprices alr4eady above the sky. Chipolete your destiny trendline down . Short this mtf
CMG - Dip Then RiseCMG 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
CMG: Signals of topping - Reversal inboundLooking 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 near future
CMG breaks out and confirms a BUYCMG breaks out of countertrend channel, retests and attempts to push higher
Bull FlagPossible 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.
$CMG Bull Flag SetupFor the bull flag lovers out there.
$CMG setting up that handle while the market pulling back. looks orderly and something you want to keep an eye on.
Time to short Chipotle companyChipotle hit upper limit of the trend. Yesterday I bought Dec 21st 1500$ PUTS at 9000$ average. Max stop-loss 2000$, max gain 10000$. Very high reward play.
Chipotle Mexican Grill CMG options ahead of earningsLooking at the Chipotle Mexican Grill CMG options chain today, i would buy the $1200 puts with
2022-9-16 expiration date for about
$36.42 premium.
Looking forward to read your opinion about it.
CMG - Strong UptrendAn Ascending Broadening Wedge has put price slightly above the strong uptrend in green
Price will fall back to this uptrend and allow a recovery at this level ( as indicated by the price label)
Daily Chart
RectangleNeutral pattern until trendline is broken.
Horizontal trading channel with the top trendline being resistance and the bottom is support.
5 candles touched or came close support at last low.
Targets for a break to the downside are over the rectangle, with target 1 in larger type. Target 2 in smaller type if target 1 is passed.
The same for targets for a break to the upside and are over the rectangle.
No recommendation//Be safe, Laura
Seeing alot of possible bear pennants forming?And I do say potential... we will see how they play out. But I am seeing this on a lot of stocks....
Not Sure About This One, But the Objective is 70 points higher.CMG inverse h&s measures to the next area of resistance.
2X 1WK Analysis! (+30% Discount)Chipotle has been performed and managed well over the years! It has discounted more than 30% and in a bear market look to build yor long term portfolio with these areas to buy!
CMG - Trade setupWe got another pretty solid setup on CMG. If we can break this support there is a nice pot of gold at the end of the rainbow. Not a cheap option play, but also makes a lot of money. This could bounce here and retest, so put this one on your watch list and set alarm so you don't forget it.
Been short for what feels like agesSince 1624 and it feels like its been literally since 1624 the year. My targets below for this. Not sure if its worth getting in short at this point but might be worth looking for a bounce at the lower target.
