CMG Credit was $1.25 Target gain will be $70, max loss is $140. Exp Dec 13, 790/795 above support line. It may move lower or move into a range soon.
CMG ending the 5th leg of 5 waves How fast can it get to $250, time will tell. My guess 3-6 months.
CMG stock took a bad turn with its last-minute reversal, which unfortunately went below the critical level of 842 it took the edge off the bullish sentiment. It's now difficult to say if it'll break out above, as it missed the previous high of September 9th. The Heikin Ashi candle on the 'weekly' is still bullish and so are many other indicators, so I would...
CMG broke out above it's 'diamond' formation, labeling it officially a diamond continuance (and not a reversal ). 9 out of 10 indicators confirm the stock to be bullish towards 900 post earnings, 950'ish by end of this month, and the 1000 mark can be broken by the end of this year. I did use some old-school tricks to get higher precision trend-lines, so I've...
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...
Here'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...
X = stop loss, heart(s) = price target. Looking for a test of HVN, and VAH. This looks a bit over-extended,
I 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...
CMG 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...
Peter Reznicek Idea of the week. Perfect bull flag near ATH and weekly breakout possible. Let's see how this plays out.
Refer to the previous chart
big if true. chart is getting exhausted
one of my best returns even though I only have 2 shares. Will likely not get a hit during a recession Consider buying. BLs 679, 647, 596 (may not reach) Hold long-term
CMG is trending higher for a while now. Target of bulls achieved around the current range of $700-$720. I can't exactly tell when it will drop but this is the area we should be looking for a short opportunity, imho. Looking for a low target of $510-$490.