Support from long term uptrend intact.Support from the uptrend that began in 2009 remains intact despite the recent sell off. Long term Bull.
CMG trade ideas
#CMG: Getting Good To Buy!Price is now trading higher after correction, we are making higher lows and trading upwards, looking for buy set ups this week.
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CMG: Potential long term longsI shared this setup in the KHL chatroom recently, we're long from the retest of the earnings support.
If you missed it, you can still get in, preferrably if we get a pullback. Stops should be like the one on chart.
Potential is considerable here, so, I'd reccomend jumping in asap.
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We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
BUY CMG For $540/$600CMG has sold quite significantly based on technicals and all of the past news of Ecoli outbreaks. The damage has been done and we have now based. We have held a major trendline, key area of $400, with a weekly MACD crossover, and then finally we have completed a C wave at the .886 fib level hinting to a future gartley or bat pattern more than likely. Buying now at $446 with a stop at $431 would offer more than 6:1 risk/reward targeting $540 where we have major resistance. The 2nd target will be the $600 area.
below cloud and 50 mashrinking margins-below cloud - see the important points in our book on amazon and our u tube channel-and 50 day ma-stoc crossed down-relative strength weak-cci and percent r near bottom range- monetyflow decreasing-stop loss at cloud or above 50 ma -target around 410
"CMG UPDATE"PRICE IS TESTING SUPPORT IN THE 4TH MONTH OF CONSOLIDATION
TRIGGERING ABOVE $478 IS BULLISH
WITH FAILURE CLOSING BELOW $391
perfect symmetry we should see $470 area in a day or two to finalize the right shoulder and we know where it is going lol
Chipotle - Head and shoulder-like pattern, sell the breakoutThe head and shoulders is a bit tilted but it could be the third part of a movement that will bring bears back in the game. Sell the breakout of this range. On Ichimoku side, after a short bullish cloud chunk, we see that a twist with a bearish cloud is coming back. The lagging span did not manage to go through the cloud and the Kijun is now a resistance together with the SSB.
Chipotle Packs Some Salsa Chipotle has dropped off a cliff and has found support near 470-471 area. Look for a retrace up to the sour cream.
CMG: Continuation of Downtrend StartedCMG has resumed down trend. Tomorrow we will have the conformation. Target is 350$. Best of Luck with shorts.
Chipotle - End of E.Coli? After it had been severly beaten with a bottom at 400, the Chipotle stock stopped bleeding and, at least from a technical point of view, is turning bullish in its ascending channel. Ichimoku helps us to define some levels for a long entry. We have a weekly Kijun around 580 and a daily Kijun evolving at 490 that is providing some nice support. Note the cloud turning bullish as well on the right. For a lower risk entry, one may wait for the lagging span to get out of the cloud.
Remember: technical analysis helps to find WHEN to enter, but fundamentals (especially for such tomato stocks) tell you IF you should enter.
