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C1MG34 trade ideas

Round 2: Ready to drop, descending channel, No support, just 700Say hello, to your new Bitcoin. CMG is @700, why not 1k, or 10k i mean why not? Nobody takes profit because they all want it to go to 1k? The way things are looking if ER is solid we are heading to 900$ lol all i can say is ROFL!!!! So CHIPOTLE is going to take over the world? finviz.com MCD cap is 146Bil,with 6bil income finviz.com 19.2 bil, inc 170 mil so x 10 cap, 190 bil , and 1.7 bil income makes $7k stock ??? Does this make sense? Just look at these comparisons, crazy. This stock is crazy overvalued.. Can;t wait for this to drop like a TANK. cause when this drops, who will be buying at these ridiculous prices? I mean at 27 mil share float, it basically a bitcoin. Look at the insider trading! All i can say, short for now, get out before ER, go long cause u know institutions will buy buying up again... long till it hits 900 short, rofl Why trade BTC when u got CMG rofl. Good luck everyone ;) **LEGENDS** BLUE = Bear/Resistance Yellow = Bull/ Support ~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/ If you want your coin to be analyzed, JUST ask. If you got a question, ASK away! And please keep those Stop losses in place! Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines! Thank you, Ajion
NYSE:CMGShort
by Ajion
1
the big pictureJust completed its H&S pattern. Look at this monthly chart and all the converging resistance overhead. Not to mention a large bearish cypher w/ textbook fibs. 0.382 retrace points it back down to major support around $490 by summer. Accumulation levels are about what they were when this stock was in the double digits... yet this "growth stock" is getting pumped like burritos are the new hipster craze. Sorry guys about 10 years late to the party... There's also a chance that since this busted to the downside of the current channel it could do the same on the upside and continue to ATHs if it breaks resistance here. Will largely depend on whether market keeps melting up or melts down next week. Either way, important to watch what it does at this level.
NYSE:CMGShort
by chinawildman
3
End this madness! What is Wall street thinking?Somebody needs to end this madness? This is what maximums charting is all about! This is going to Put a nail on TA debate once and for all. TA says, sell and short this insane valuation! This chart is litaritly telling what to DO! ER are comming, on FEB 6, and if TA is right, it will drop CMG like a tank! Whomever keeps buying up this stock above 500 is mad, or am i crazy? Every expert is saying we are going to see $600! Seriously, what are they thinking? Are they not seeing the same chart as i am? Checkout MACD, and RSI on this thing on daily. IT is screaming DROP, even the last few days are low volume, all eyes on ER. Good luck everyone ;) **LEGENDS** BLUE = Bear/Resistance Yellow = Bull/ Support ~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/ If you want your coin to be analyzed, JUST ask. If you got a question, ASK away! And please keep those Stop losses in place! Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines! Thank you, Ajion
NYSE:CMGShort
by Ajion
1