CMG Year to date double top and condensing of the MA under the 200.
CMG about to make a move and it looks like DOWN is the way to me...
CMG trade ideas
Subjective + Objective = Best Buddies Hello friends. Here's a cautious and humble look at the formerly mighty and unstoppable high volume stock that is appearing to show signs of life again. Thank you for taking a look.
Short CMG Because of The Low Volume Breakout + Same As 12/4/2017I think CMG will retest the breakout location (325-330 price level) by the end of this week (might happen as soon as today).
The reasons are that the current price action mimics the December 4th, 2017 price action, where CMG sold off into the afternoon.
Another reason is that the volume is not significant and that there is no positive news catalyst driving the spike.
The rationale is that this is simply a technical breakout and CMG will resume the downtrend once the shorts have finished covering today.
$CMG PutsAcquired Mar 16 $CMG 300 puts for 4.60 / contract.
Risk set at $323 share price to sell options at market price.
CMG - gap up day tradeSo far this gap up looks fantastic. If this gaps up over my enter line this is going to trap about a weeks worth of shorts.. I could see this trade right up into the bottom of last bullish candle.
SIMPLE WAVE ANALYSISIf Wave C is the same magnitude as wave A, which puts the short target at about ~100
CMG Quite possible significant top?????Right at this price is monthly, weekly, and daily resistance.
CMG bearish trend12/30/17
Serious bearish trend
"Cowen predicts Chipotle shares will drop nearly 20%" YF
Sell below $294 support, stop above $300 support and close around $258. R=$500, $15 stop gap, 16 shares, 14 days.
CMG fibChipotle has dumped after reccent news. Chart candles are for 1 week. I believe it is sitting a key support zone and fib level, and has a good chance of reversal.
This is my first time using Fibonacci levels on a chart. Please feel free to offer comments, criticism, feedback.
Cheers and good luck
