2X 1WK Analysis! (+30% Discount)Chipotle has been performed and managed well over the years! It has discounted more than 30% and in a bear market look to build yor long term portfolio with these areas to buy!
CMG trade ideas
CMG - Trade setupWe got another pretty solid setup on CMG. If we can break this support there is a nice pot of gold at the end of the rainbow. Not a cheap option play, but also makes a lot of money. This could bounce here and retest, so put this one on your watch list and set alarm so you don't forget it.
Been short for what feels like agesSince 1624 and it feels like its been literally since 1624 the year. My targets below for this. Not sure if its worth getting in short at this point but might be worth looking for a bounce at the lower target.
Longing Burritos for Financial FreedomCMG Initial Momentum/Trend Long on the daily. TPs and SL on the chart. Max allowable margin.
CMG SellSell to around $1150-1200. Safe to buy depending on action around this price. Looking at a few months.
CMG Chipotle Supply And Demand Analysis-Price reacting off of weekly Demand
-Price reacting off of tested 4x times supply.
price has gone deeper and deeper into
daily supply so not many sell orders left as
price needs to search higher and higher
for the next stack of sellers.
-I'm long biased and like looking for buys if
price pulls back into demand or breaks out.
CMG about to come down?Why I feel it is....
Since September, CMG is selling off (slow mover) ....
I think you can see all the reasons why.
Confirmation for the next downturn will be a break of the wedge, a break of the level in green. That would be your confirmation.
Chipolte -I can't say I ever ate here... I may be in a minority with that but I think I may love their stock. If this can push up a little... just a little more.... Take a step back like you should with every stock and realize what is going on. Can you spot it? If you can't, time to pick up some books and do some homework. This will be nothing less than amazing, with patience. PS Tradingview has amazing tools that make it so you don't need a calculator. Look to the left on your desktop and select price range... ruler... lots of good things on their toolbar.
Care for some H&S Mexican food ? $CMGCare for some H&S Mexican food ? $CMG
- Breakdown from 2 years uptrend
- H&S 90% formed
- Waiting for a good entry trigger
$cmg - this seems a little too obvious going into earningsobvious bear flag with obvious retracement. no position for me. just interesting.
Nice pop on earnings - short livedIts going to be turn around time for CMG sooner than later. Don't forget to lock in the profits. The re-test (not chartered) was expected. Don't forget to put your stop just in case it wants that little bit more but after that, its time to head on down................... RIP CMG.
Earnings watch 2/8 post-marketEarnings watch 2/8 post-market:
CMG
XPO
PTON
APPS
ENPH
CRSR
LYFT
SAVE
DOCS
PAYC
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
$CMG falling knife im not one for catching falling knives but I fully expect chipotle to see 1575-1600 on its next relief bounce
CMGThere is a hidden divergence relative to MA200 on the daily timeframe. For a week on RSI , CMF relative to ema50.
When anchored above the blue, growth is technically possible.
CMG - TRADE SETUPThere is no support on this stock till the 10EMA on the monthly.. This is a great risk reward on this trade.
approaching important support levels, watch-out‼👻CMG currently in a bearish trend channel with big rejections! not much support until we enter the 1500 range either.
there is a little support left at 1700-1740, but if these levels break we can look for a test of 1601.11/1481.97
Market Pulse.. today $ making movers Hi Volatility stocks trading 15 min
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Chipotle Bullish Flag, or Head and Shoulders???CMG is building a potential bullish flag on the 1Hr based on the run that began on Sep 20. Although the flag is only partially formed, price has closed above significant resistance around 1938 signaling it could actually break out from here. However, if it gets rejected from this level and ultimately breaks out of the bottom of the flag, it could set us up for a Head and Shoulders and ultimately a break down from the larger consolidation period that began back in Aug. Either way presents excellent opportunities for both short term and long term plays. What's it gonna be Chipotle? Happy trading!
CMG Eyeing an eventual 2KAscending Triangle on the daily chart.
- Institutionally own
- Director bought 72m worth of shares
