CHMG trade ideas
Chipotle overbought after earningsChipotle saw a hefty jump after topping earnings estimates earlier this week.
GoNoGo Trend indicator gave a “GO” indicating the environment was bullish for the Mexican grill on April 14th, when prices were around $785.
However, note that there may be a little consolidation or minor correction here as this week’s action has caused the GoNoGo Oscillator to rise to an extreme. This means the stock has become overbought. With the price where it is, GoNoGo Charts is showing a red, short term correction arrow on the current, daily, bar. This suggests a possible correction within the trend, which at the moment is a “GO”. If this is confirmed at the close of the session, look for price to struggle for a few days.
Cramer on live TV screaming CMG to 1000www.youtube.com
This man needs to put on the clown suit.
"Chipotle is the safest place to eat"; "more upside".
CMG SHORT: Gonna head lower next week CMG has enjoyed a massive bounce from the lows and has been coiling tightly into the bearish wedge. It has now also backtested the broken uptrendline and here is a good spot for a short. I expect CMG to break lower next week and perhaps to even test the March lows.
CMG - Going into EarningsCMG has a resistance at 827, and support at 752.
But has the trendline as mentioned above, going into earnings. If this breaks the bottom, We should see testing the support.
May test the resistance if the monday is green.
Trade at your own risk.
$CMG -- Daily chart possible short Bearflagging up into previously broken trendline plus FIB level. looks like a decent short.
Fast Food Stocks: Chipotle Mexican GrillChipotle Mexican Grill Trading Plan.
Chipotle Mexican Grill, Inc., often known simply as Chipotle, is an American chain of fast casual restaurants
in the United States, United Kingdom, Canada, Germany, and France, specializing in tacos and Mission-style burritos.
Disclaimer:
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
CMG Gap at 343$CMG printing a bit of an exhaustion candle. Gap to fill at 343 or so.
Might be a good short here.
Will $CMG find its way again?NYSE:CMG
A day after an earnings beat, Chipotle decides to veer off course. It falls right out of the channel its been creating since November of last year. With a pretty good earnings report and projected first quarter of 2020, there is definitely room to grow. Strong revenue, more locations, and changes in their menu will keep this stock flying in 2020. It's just a matter of how high.
WeakCMG didn't see near the bounce that most stocks did on the initial bounce this week. Signaling some weakness in the stock. Looking for a quick pocket fill down to 637. If that were to break...50 on the fib looks like the next area of resistance.
I like the risk/reward around 637 for a long here. Could see a bounce to the 200dma around 780 or even a gap fill around 840 depending on strong the overall market recovers.
Chipotle Mexican Grill bounce trade $cmg
Good rick reward with major support holding despite intense selling.
Possible oversold reversal trade with 200 Moving average as target
Entry level $741
Target price $790
Stop loss $714 below major support
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Market Legend Who Called Chipotle Best Rally Ever Sold All!Market Legend Who Called Chipotle Best Rally Ever Sold All!
Chipotle Mexican Grill Needs a Reset
Stock has broken out but meet resistance at fibonacci expansion 1.618.
Overbought conditions exist so could very well consolidate for several sessions.
Valuation incredibly high but market seems not to care.
Trade with care as a downturn in market will result in major profit taking in this stock
Alex Vieira on Chipotle Strong-Buy since $380 Reduces Stake $900Alex Vieira on Chipotle Strong-Buy since $380 Reduces Stake $900
CMG entryWhen it breaks above the first resistance line it will break to the next line. Put a stop loss on first support level and buy calls for march 20 990 strikes for 2.45. My son's name is Anand.
- Buy stuff from his favourite Shopify store = Yeet.com
Chipotle Mexican Grill looking for a short
May have eventually topped out,
extremely high valuation
Alert set for break Below $850
Is it Good Time to Sell this crazy stock? $CMG Bearish indicatorWeekly candlesticks looking lightly bearish . indicators are overbought . it could slowdown and target the previous bottom to test or re-confirm it at 730 if broken then will better opportunity for short positions otherwise it will be bounced to new ATH
Short Entry Levels CMG USLooking for shorting CMG US despite good outlook to capitalise on possible downurtn in the short term. if the entry is not taken, the longs will play out nicely.
1000$ for cmgit’s coming. i have a feeling we have a lot more bull market left all around. enjoy while it lasts
