CMG Gap at 343$CMG printing a bit of an exhaustion candle. Gap to fill at 343 or so.
Might be a good short here.
CMG trade ideas
Will $CMG find its way again?NYSE:CMG
A day after an earnings beat, Chipotle decides to veer off course. It falls right out of the channel its been creating since November of last year. With a pretty good earnings report and projected first quarter of 2020, there is definitely room to grow. Strong revenue, more locations, and changes in their menu will keep this stock flying in 2020. It's just a matter of how high.
WeakCMG didn't see near the bounce that most stocks did on the initial bounce this week. Signaling some weakness in the stock. Looking for a quick pocket fill down to 637. If that were to break...50 on the fib looks like the next area of resistance.
I like the risk/reward around 637 for a long here. Could see a bounce to the 200dma around 780 or even a gap fill around 840 depending on strong the overall market recovers.
Chipotle Mexican Grill bounce trade $cmg
Good rick reward with major support holding despite intense selling.
Possible oversold reversal trade with 200 Moving average as target
Entry level $741
Target price $790
Stop loss $714 below major support
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Market Legend Who Called Chipotle Best Rally Ever Sold All!Market Legend Who Called Chipotle Best Rally Ever Sold All!
Chipotle Mexican Grill Needs a Reset
Stock has broken out but meet resistance at fibonacci expansion 1.618.
Overbought conditions exist so could very well consolidate for several sessions.
Valuation incredibly high but market seems not to care.
Trade with care as a downturn in market will result in major profit taking in this stock
Alex Vieira on Chipotle Strong-Buy since $380 Reduces Stake $900Alex Vieira on Chipotle Strong-Buy since $380 Reduces Stake $900
CMG entryWhen it breaks above the first resistance line it will break to the next line. Put a stop loss on first support level and buy calls for march 20 990 strikes for 2.45. My son's name is Anand.
- Buy stuff from his favourite Shopify store = Yeet.com
Chipotle Mexican Grill looking for a short
May have eventually topped out,
extremely high valuation
Alert set for break Below $850
Is it Good Time to Sell this crazy stock? $CMG Bearish indicatorWeekly candlesticks looking lightly bearish . indicators are overbought . it could slowdown and target the previous bottom to test or re-confirm it at 730 if broken then will better opportunity for short positions otherwise it will be bounced to new ATH
Short Entry Levels CMG USLooking for shorting CMG US despite good outlook to capitalise on possible downurtn in the short term. if the entry is not taken, the longs will play out nicely.
1000$ for cmgit’s coming. i have a feeling we have a lot more bull market left all around. enjoy while it lasts
Your Chipotle Burrito is about to go sour - $CMG Shorting this baby because:
1. Hammer candlestick on daily
2. Triangle forming with two red candles already
3. Price touching upper Bollinger Band
4. TD Sequential is at count #9. One of the next two candles will be a TD count #1
This is like a ripe avocado about to fall and get smashed into a nice little side of guac. I say "little" because the reward on the short side is not great considering the current strength of the stock. I would set the stop loss on the high of the TD #7 candle of Jan 3. I would take 50% profit at 9EMA, and close out the rest at 20MA. I would also play this with puts considering the price of the stock.
CMG, Chipotle Mexican Grill - Trailing StopNYSE:CMG
The head and shoulders is one of the most powerful trend reversal patterns.
If you add that it happens in companies that respect our parameters to enter and in which we like to further invest, and in this case also eat ;) then the only thing to do is to enter Long and ride the trend until the price action tells us to get out and wait for a new signal.
Technical Analysis + Money Management are the keys.
Good Trading to All!
Stock Market Legend Chipotle Forecast a Dream Comes TrueChipotle named number one stock to invest in early 2019 soared to $870 price target announced last year confirming share price to be GROSSLY UNDERVALUED
Chipotle upgraded to Strong Buy for the first time at $56
$CMG Chipotle Could Reach $985Stock has reached its average analysts price target so re-rating could very well boost the stock.
P/E ratio 77 which is high but no one seems to cares.
Chipotle Mexican Grill, Inc. engages in the development and operation of fast-casual, fresh Mexican food restaurants throughout the U.S. It offers focused menu of burritos, tacos, burrito bowls and salads prepared using classic cooking methods. The company was founded by Steve Ells in 1993 and is headquartered in Newport Beach, CA.
Call Credit Spread CMGCMG Credit was $1.25
Target gain will be $70, max loss is $140.
Exp Dec 13, 790/795 above support line.
It may move lower or move into a range soon.
Chipotle Mexican grill Trade setupThe Fibonacci golden pocket has proven to be solid resistance for the advance in CMG, rather than jumping in here, we await a break above for a challenge to the old time highs.
Indicators are bullish with plenty of room to run Higher.
