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CMG

Diamond BreakoutHere's a rather rare find. There's another spot for a 'weekly' candle within the diamond, and on the next one we should know for certain in which direction it'll go. Diamonds tend to 'reverse' more often than they do an upward 'continuance'. In CMG's case the candles reach higher at the top but close lower, thereby suggesting a downward bias. In addition, the main (middle) candle, also called "stem" is negative, which also has a bearish bias. Last but not least, the 'weekly' PSAR break makes this even worse. Diamonds always breakout with high volume, which makes this ideal for options trading either way. This is likely to drop towards 720-730 on earnings release. Watch how the next CMG charts will copy this ;) Cheers
NYSE:CMG
by UnknownUnicorn5323213
CMG Nested WedgiesI keep telling people not to short this PoS bubble stock along with any of the restaurant bubble stocks because there's no indication of when it will finally break. Typically it's on earnings, right? Restaurant stocks barely dip even when the market is selling off, look at McD. Some other poster suggested a wedgie, another suggested earnings. Looks like CMG has a pair of nested wedgies (a double wedgie!), so it might dip a little here, but don't expect it to tank until earnings. Note: Stocks can actually break upwards out of a wedgie, TXN and oil did, if you look up some of my old posts. In any case, the formation lines up with earnings, expect a big movement up or down. I'm not touching this stock, just like I wouldn't touch their food. Chitpotle gives me the chits, (Serious.) Also, slow STO chart (not shown) has the funniest pattern I've seen.
NYSE:CMG
by hungry_hippo
3
May finally be time to get short CMGCMG has had a helluva run, but I am of the opinion that it is reaching the top of it's 3rd Wave up, sitting right at the 1.618 fib extension of Wave 1. Also very near current channel resistance trend line, which adds to the short idea. Personally I look for the pullback to drag CMG back down to the low 600's, around 615-620 area most likely. Crazy as it may sound however, I really do think this is only the 3rd wave up, and expect to see a 5th Wave extension, in this case quite possibly taking CMG all the way up to what some would say is the astronomical price range of low 1300's. Rough sketch of candle path on chart. In any event, I am looking for CMG to run out of gas very near current price area, and will be initiating a short position very soon, most likely before the end of next week. Stochastic has also been coiling very smoothly near its top range, and I look for a breakout to the downside to very nearly coincide with stock price decline. Happy hunting, and GLTA!!
NYSE:CMGShort
by UnknownUnicorn1314136
3
End this madness! What is Wall street thinking?Somebody needs to end this madness? This is what maximums charting is all about! This is going to Put a nail on TA debate once and for all. TA says, sell and short this insane valuation! This chart is litaritly telling what to DO! ER are comming, on FEB 6, and if TA is right, it will drop CMG like a tank! Whomever keeps buying up this stock above 500 is mad, or am i crazy? Every expert is saying we are going to see $600! Seriously, what are they thinking? Are they not seeing the same chart as i am? Checkout MACD, and RSI on this thing on daily. IT is screaming DROP, even the last few days are low volume, all eyes on ER. Good luck everyone ;) **LEGENDS** BLUE = Bear/Resistance Yellow = Bull/ Support ~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/ If you want your coin to be analyzed, JUST ask. If you got a question, ASK away! And please keep those Stop losses in place! Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines! Thank you, Ajion
NYSE:CMGShort
by Ajion
1