C1MG34 trade ideas
CMG LONGupdate,, look at the long channel line...
if we break, then we go higher..... lets watch closely for a reversal to move much higher next year
CMG - Finally some strength?Looks to me like CMG is finally coming off a long base. Sold 397.5 puts expiring Dec 9th for 5.50 credit.
Sell CMG below 400 with a target of 330 stop loss 420CMG is showing a long term bearish pattern. It is making lower highs and lower lows from March 16. IT is making a bearish channel. Currently the price is going down after touching next lower high of the channel at 422. It looks like it is going to make a new lower low at 320 of the bearish channel.
$CMG Continues To Collapse, But Smart Investors Will Buy It HereShares of Chipotle Mexican Grill, Inc. (NYSE:CMG) continue to collapse as investors run for cover. Recent earnings did nothing to calm the fears of continued competition and the food sickness issues remain an overhang. Will average investors remain highly bearish, institutional investors are signaling a major level to buy at $335. This buy level comes from two major trend lines meeting at this level. When price hits it, it will put in a major bottom. I am a buyer here for sure.
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CMG has been in the danger zone and earnings is tmrw, thoughts?Tomorrow is break it or make it. 390 has been the support price since June.
CMG LONGgreat area to by stop under 380 ,, if that breaks we go to 350-60 area but i think we have a bottom good luck
cmg longpull back to support area and .78% fib
I think we are over done here
ackman can't be wrong 4 years in a row , can he?
Chipotle out of business and McDONLADS WILL FOLLOWIf it breaks the temporary green line then go short but stop when it reaches the black support line to recover short.line.
www.thestreet.com
SORRY CHIPOTLECMG has been going down for a long time on the weekly charts and is struggling to stabilize. It has had a nice little run up the last 2 weeks but it couldn't push through the 440 zone and a good bullish indicator developed. The long-term trend is still down and the risk to 444 is about 7%. Potential gains are more than the risk.
CMG long to potentionally 480-500 here is my logic, we have a good bottom, if we can break the trend line I think we can go higher, zones are also shown on the chart
CMG - Chipotle Clearing a BaseCMG is back after finding a very good floor at 385. Stock is clearing a base and also taking out the 50day moving average. Upside into 444 seen.
CMG Technical Base With Strong Follow-Up On FridayWe stick to our view, expressed on Thursday, when CMG cleared a small base and the 50day moving average at $405. I see next bigger resistance at $443, where the stock could clear an even bigger base. We are observing long-term reversal action with potentially more upside. Stay tuned!
CMG Bull Put Spread = is not something you put on your burito!I know all the MA are on top holding price down. But there seems to be a fairly strong support. I like the new white soldier candle at support! If CMG closes below 383.17. I would consider unraveling the trade i, but more likely just close it out for a small loss.
I don't love this trade but I may watch it a little more and see whats happens. Was curious as to your thoughts.
I'm also looking at a BCS if price approaches 446 and shows a reversal signal - possibly an Iron Condor!
$CMG Short OpportunitySome may think we are late to the party on this, but if $CMG breaks the recent lows look for it to continue down through the $300-400 range. Look for the 200 day Moving Average to be resistance going forward and cover short position if it breaks above recent highs in 2016.
CMG short outlook I'm in around 402 (thanks to greed). Also, expecting it to dip below .78E (retest of new support/old resistance) before returning to a bullish position..Look for a continued 3 wave?
