CMG trade ideas
Bull FlagBroke out from a cup and handle many dollars ago
Don't you wish you were there? LOL
There is no telling how high this stock will go
She can do no wrong.
Can a stock go up and up and up?
Remains to be seen..looking like this one will
NV is still out the roof!
Not a recommendation
CMG signaled near it's high......but it's a little pricey. Not for everyone. Target price is $1,350.35
technicals are looking decent here imo. Let's see what happens here.
I do love this ticker
NYSE:CMG
Chipotle Mexican Grill Probes Old HighsChipotle Mexican Grill has been a slow-and-steady gainer in 2020. It was already investing in its online model before the pandemic, and that decision paid off handsomely as the country went into lockdown mode.
CMG formed a bullish triangle in July and early August. It then broke out and surged to new all-time highs near $1,400 before rolling over with the rest of the market.
This has brought CMG back to the top of the old triangle around $1,190 and its 50-day simple moving average (SMA). The shares may chop around and even potentially test $1,100ish if the S&P 500 keeps struggling. However, that might provide opportunities for buyers.
CMG has one of the cleaner charts because it broke out to new highs recently without getting too overbought (like many technology names).
It’s also interesting fundamentally, with the potential to benefit from either coronavirus returning or abating.
Traders may want to watch it between $1,100 and $1,200, depending on their take of the broader market.
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chipotle will go down further i thinkit should go down more it lost the 1300 support. i dont see a reason why it could re gain that resistance now
Chipotle the new Tesla20$+ per meal
36K shares
Balance Sheet Like Apple
seems really similar to Yearn Finance
CMG: A beautiful short setupCMG has achieved upside targets and should be ready to correct lower. Initial target is the 61.8% retracement.
Now we can start shorting earnings....Take a look at CIEN and PD today, dropped right back into pre-COVID trading range.
Appears the zero interest rate pump is finally over, we can finally start looking for stocks to short on earnings. Look for stocks that have melted up but don't have the earnings to back it up.
Short CMG? - MaybeSo, here we see CMG Weekly. Big wide range over 7+ years.
What's most interesting to me is we are certainly at the top of that range.
Add to this that we are almost exactly 2x the width of the C19 fall.
Oh, and don't get me started on EPS and Price/Sales metrics, not that those matter, ever.
But just overall, C19 is still a thing, different states are different stages.
Does one REALLY think the growth will be able to keep up to sustain this valuation?
Yes, I'm looking to begin a short position this week. My guess is we fall back to ~1150 over the next 60 days.
Good luck everyone.
CMG Setup +7% potential profitCMG bouncing off the support line in an Uptrend Corridor that could lead to new all-time highs.
Support might be retested today.
Buy the (guac) Dip CMGThis is based on my dowsing and for journaling and practice of this method. CMG earnings tonight. I expect a liquidation break that is bought up and brings CMG to a new high.
$CMG #chipotle after huge rally (180%) ABC pattern coming ??Price at 1155,
some form of rising wedge or bearish flag in downsloper,
if lower upsloping trendline is broken maybe move to the median line
Earnings done - 7/31, 1000 puts - high reward/riskThe stock has low volume, and low options volume, so I usually avoid it. However with such a huge run up since March, indicators hint at profit taking to ensue. If selling picks up in next few days then stock should head towards 1000-1080. Best volume and price (still very low) is on 1000 strike for 7/31 expiry. I bought puts for 60 cents, and I will exit today or tomorrow if price and 30min charts do not support my trade idea.
Still studying CMGSince last Monday's jump into the $1,100's this has been building a new volume shelf and currently it is right at the average volume/price for that time frame. For fun I grabbed an $1,140 call at $3.25 this morning. Let's see if this get's one more boost end of day today or tomorrow...
$cmg Looks good but.....The chart shows that $CMG is breaking out but i think it will be a false one especially after ER today. I think they have not been doing well during this pandemic and it will come to light AH today.
Stock alerts set and stats using our strategy tester ....6 stocks highlighted on our standard settings for our members to trade from.
Some great gains from the strategy across the 6 pairs as shown in the video.
Regards
Darren
CMG Looking for the tech bounceBeen watching and waiting to see if it will do the move like the tech stocks, seems to behave like them frequently
