CMG above 400 still bullish?Monthly Fib level, ascending trendline, horizontal support. All in all 400-410 looks good spot to go long with a stop below 400.
CMG trade ideas
could see an 11% rally CMG has been defining a clear level of support. What gets my attention is the HUGE selling volume that failed to break support or have any negative follow through. This looks like bullish absorption or ACCUMULATION
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: 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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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.
