Its 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-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...
There 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 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
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...
-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...
Target 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.
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...
Earnings 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...
