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 trade ideas
$cmg - this seems a little too obvious going into earningsobvious bear flag with obvious retracement. no position for me. just interesting.
Nice pop on earnings - short livedIts going to be turn around time for CMG sooner than later. Don't forget to lock in the profits. The re-test (not chartered) was expected. Don't forget to put your stop just in case it wants that little bit more but after that, its time to head on down................... RIP CMG.
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$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
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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
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Chipotle - More rice please!-Although they never put enough rice and meat in their bowls, the price hike that they gave to us is enough for now!
-The 27 analysts offering 12-month price forecasts for Chipotle Mexican Grill Inc have a median target of 1,800.00, with a high estimate of 2,100.00 and a low estimate of 1,569.20. The median estimate represents a -4.56% decrease from the last price of 1,886.00.
-Based on analyst expectations we are already at the price that was expected. Now the only thing left is to digest the bowls we ate and lay down for a nap.
-Long-term, definitely a buy but for now it rose at took all it could.
Long CMGTarget zone in green, CMG do your thing!
Using Pivot Points and Fibonacci extension to pull out reference levels. 2023 not only looks like an outside fib target, but also corresponds with last weeks R4 level. I like this and can see it happening especially if we can see a CMG analyst upgrade sometime this week.
CMG. Diamond burritos! Looking at the daily chart, this seems to me to be a HUGE bull flag. Given that, and the fact that their float size is very small (roughly 27.64 million shares available to the public) as well as a very small open short interest on that float (roughly 2.78%, about 768 thousand shares), this thing can very well break out, and breakout out HARD. I'm publishing this on 07/29/2021, and the share price is currently $1830, I expect this to be at or around the $1950-$2000 area within the next week or so. Keep in mind, this monster hit lows of $415 a share during the corona virus breakout in March 2020, and since then, has seen a 400% return! They know how to operate as a business, and there's no telling what this can reach in the near future, but this for sure seems like something you want to have in your portfolio!
Cup and Handle Earnings 7-20 AMCEarnings tomorrow after market closes.
There was a significant divergence on RSI but hopefully this has corrected. Divergence is the disagreement between indicators and price. There can be bearish and bullish disagreements. Many draw a trendline on the peaks to see a bearish divergence and a long the valleys to see a bullish one.
No recommendation.
Moving averages are all where they are supposed to be. All are sloping upward. Negative volume is very high.
Trading as earnings can be hazardous to your health.
Tomorrow is another day (o:
$CMG PT $1,450$CMG I believe we can see low prices towards the end of the year. A COVID free holiday season approaching who's going to be eating Chipotle instead of turkey? :) GLTA!
CMG Trading SidewaysCMG is currently very extended and has bounced between 1320 and 1565 in 2021. With the two major pullbacks in CMG occurring when the stock had an RSI of above 60, it seems very likely that the company is due for another pullback now that the RSI has surpassed 70.
On the other hand, the stock does like to be volatile and can fake people out like on March 5th when it looked like the stock was going to break downward, however, the stock ended up returning back to the channel. I would not be surprised if CMG did it again and psyched people out by destroying shorts and then finally plummeting back to the 1320 range.
