CMG trade ideas
#CMG: Getting Good To Buy!Price is now trading higher after correction, we are making higher lows and trading upwards, looking for buy set ups this week.
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CMG: Potential long term longsI shared this setup in the KHL chatroom recently, we're long from the retest of the earnings support.
If you missed it, you can still get in, preferrably if we get a pullback. Stops should be like the one on chart.
Potential is considerable here, so, I'd reccomend jumping in asap.
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We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
BUY CMG For $540/$600CMG has sold quite significantly based on technicals and all of the past news of Ecoli outbreaks. The damage has been done and we have now based. We have held a major trendline, key area of $400, with a weekly MACD crossover, and then finally we have completed a C wave at the .886 fib level hinting to a future gartley or bat pattern more than likely. Buying now at $446 with a stop at $431 would offer more than 6:1 risk/reward targeting $540 where we have major resistance. The 2nd target will be the $600 area.
Chipotle - Head and shoulder-like pattern, sell the breakoutThe head and shoulders is a bit tilted but it could be the third part of a movement that will bring bears back in the game. Sell the breakout of this range. On Ichimoku side, after a short bullish cloud chunk, we see that a twist with a bearish cloud is coming back. The lagging span did not manage to go through the cloud and the Kijun is now a resistance together with the SSB.