CMG trade ideas
Scalper - CMG - 15m chart - Oct 19, 2018Based on my proprietary indicator (in testing mode):
Long
Entry on green arrow
Exit on red arrow or stop loss or target hit
Short
Vice versa
Scalper - CMG - 15m chart - Oct 18, 2018Based on my proprietary indicator (in testing mode):
Long
Entry on green arrow
Exit on red arrow or stop loss or target hit
Short
Vice versa
Scalper - CMG - 15m chart - Oct 17, 2018Based on my proprietary indicator:
Long
Entry on green arrow
Exit on red arrow or stop loss or target hit
Short
Vice versa
Swing LowChipotle at swing low in downtrend channel. Expecting a move up to the 465-470 area near the 20DMA
CMG CUP WITH HANDLE BREAKOUTCMG CUP WITH HANDLE BREAKOUT on weekly chart, pull back finished at end of Aug, 2018, Long opportiniry.
CMG long swing Bullish swing for me. Hammer reversal last Friday with continuation today off of the lower channel support
looking for short to form right shoulder of ihspotentially forming around $390 lvl 50% fib retracement lvl
cmgLOL morgan Stanley likes it now after it doubled off the lows... well maybe it's time for a pullback then
Chipotle (CMG) earnings preview: bright times ahead?Investors are excited about the new CEO's (Brian Niccol) ability to reinvigorate the brand. Niccol and the overhauled executive team are saying all the right things to drive guest traffic in the near term (most notably, digital order pickup shelves, in-app delivery and catering functionality, and an afternoon taco/drink value platform), while shoring up the expense structure (a corporate reorganization that would eliminate multiple layers of corporate expenses and close 55-65 underperforming stores).
The Chipotle brand could go a long way under Niccol's leadership, given several new products in the pipeline (quesadillas, nachos, avocado tostadas, chocolate milkshakes) that should stimulate consumer curiosity without adding undue operational complexity. Other encouraging developments are the introduction of a rewards program, along with new ingredients, sauces, and portion sizes, as well as the possibility of technology-infused layouts.
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Sell your CMG, risk against higher high on weeklyCMG: we still in downtrend on weekly. 3 part bull div on daily is probably related to weekly trying to make a higher high (it hasnt yet). This could be a sell opportunity with stop if we break higher high. The target would be the gap fill and weekly volume profile node. Because its a short, on a daily-weekly timescale, and the r:r isnt great, this is not a perfect trade.
CMG holding nicely in this market for short term play$CMG is hold nicely on the hourly in this down market worth a shot on the weekly 475 option. I would hold overnight but exit tomorrow. Know your risk tolorerance
Bullish Breakout - DailyPlay for Wednesday June 6th, 2018The bullish DailyPlay we chose for Wednesday, June 6th is Chipotle (CMG). CMG is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 7.99% move higher and its 1m/6m trend has turned bullish on 5/4 and recently broke above its $107 resistance level which now becomes support.
Chipotle's 1m and 6m trends turned bullish on 4/16 and recently broke above its $450 resistance level which becomes support. With a technical score of 10 (out of 10), CMG is a strong bullish stock that will likely continue higher.
View this Trade Idea on CMG - app.optionsplay.com
As a stop loss, if CMG was to trade below $450 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
CMG can rip up anyday nowDaily above 9 and 20ema.
Broke out of small flag while basing over 20ema for few sessions.
Well defined stop right below immediate support at 427.
Weekly looks even better (High tight flag pattern) with 4 weeks of consolidation between 420-440 after the earnings gap up.
$CMG Breaking out of tight consolidation$CMG Breaking out of tight consolidation. See chart for some possible near term targets based on resistance levels.
