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CMG trade ideas

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. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers, Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
NYSE:CMGLong
by IvanLabrie
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.
NYSE:CMGLong
by adriel.arrasmith
Chipotle - End of E.Coli? After it had been severly beaten with a bottom at 400, the Chipotle stock stopped bleeding and, at least from a technical point of view, is turning bullish in its ascending channel. Ichimoku helps us to define some levels for a long entry. We have a weekly Kijun around 580 and a daily Kijun evolving at 490 that is providing some nice support. Note the cloud turning bullish as well on the right. For a lower risk entry, one may wait for the lagging span to get out of the cloud. Remember: technical analysis helps to find WHEN to enter, but fundamentals (especially for such tomato stocks) tell you IF you should enter.
NYSE:CMGLong
by albert.callisto
CMG - Possible BullCMG pierced its first major resistance at 480 on 2/11, and has trended slightly up and sideways since then. Right now the stock appears to be finishing its second attempt to pass through a second major retracement and resistance level at approx. 530. Based on the RSI, the low volume on its last two positive gains, the recent failure to close above 530, and the fact that the stock needed three attempts to pierce resistance last time, I think its slightly more likely that the stock will stay in a channel between 500 and 530 before making one more successful push above resistance. Should the entire stock market surge or plummet unexpectedly on monday 3/7, I would expect cmg to follow suit over a few days either breaking above 530 or pushing down to its recent support at 500 or even 480. The MACD may be in the beginning stages of tightening (this is probably a premature call to make, but what the heck) - suggesting a large jump one way or the other is in the offing. When chipotle does sustain a break above 530, its got virtually zero resistance until around 575 - which presents an opportunity for those who are bearish in the longer term to try to pull in some profits (if it breaks within the next 1-3 weeks) prior to major economic news possibly shifting the market downward... Hesitantly long on this stock right now- though I would be waiting for better signals in the MACD histogram and a break one way or the other on strong volume
NYSE:CMG
by tapkcir