CMG Coiling (Update)
Updated
Looks like it dropped out of the big wedgie, but now it's coiling for earnings. Could go either way, though I would tend to be bearish on this overbloated burrito fart. Waaaay overpriced.
I'm not playing it, been burned on earnings too many times in the past month. In fact, I haven't played this one since they stopped food poisoning people, lol. I also don't eat there, the food there gives me the chits.
I'm not playing it, been burned on earnings too many times in the past month. In fact, I haven't played this one since they stopped food poisoning people, lol. I also don't eat there, the food there gives me the chits.
Note
Note: Wedgie target brings this down to previous support.Note
LOL, look at NFLX, even the most overbloated PoS stock (PE 100+) can go up just by guidance on number of customers. The same can happen with Chit-potle, which is why I'm not playing earnings.They're probably gonna beat on same store sales, the food poisoning stuff is long over, and poor people like crappy food. Plus millennials are too lazy to cook for themselves.
Note
Still coiling. Oh and NFLX dumped the earnings pump, lol. same could happen here...Note
LOL, breaking upwards for the wedfie back test. All restaurant stocks pumping again. The restaurant bubble continues.
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