CMG trade ideas
CMG Flag BreakoutCMG has been consolidating with a flag range, it has now tested the upward resistance at $721 four times. I'm playing for a breakout to the old highs at $745-750 range. All the moving averages are now curling up under, which is what you want to see on a potential breakout. Looking for 4-5% profit. Entered at $714.
$CMG Mexican Kingwhos ballzy enough to short dis, bear div appearing on 4hr + daily
for bulls, pray its an ascending triangle forming
Bigger pictures, a decline here would set up for a strong double top on the larger timeframe (2015 ATH)
CMG topping pattern and MACDCMG daily has a topping pattern and big downside divergence on MACD. Trying ^45 puts expiring next week.
CMG will drop big time!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.
CMG - TRADECMG look to be trying to find some support at the 50MA.. Just broke a nice little 4 day rally.
CMG: I am ready. Are you?This needs to cool down and it should.
One of my TOP plays:
CMG: May 17th -- 645 puts
gl
$CMG CHIPOTLE HAS JUST GOT A LITTLE TO HOT.Today's downgrade was more than overdue, having run 84% in 4 months on not much fundamental news. We are short and thick this has a good few $$$$ to fall before finding stability. There is a lot of FOMO money in the stock that will be quick to sell so the sell side could intensify quickly.
$CMG CHIPOTLE MEXICAN GRILL ***it is over cooked****Not that much has really changed to CMG in the last year to give it such a high valuation, at the end of the day it is a food company with a P/E ratio of 118. Similar ratios are held by growth tech companies. When you consider McDonalds has a P/E of 26, that sort of confirms our short interest in CMG. $550 is a reasonable target for our short but will access along the way.
Chipotle--The E-Coli Diarrhea The 723ish area is an area that is of interest on the monthly, weekly and daily chart. With e-coli rumors spreading, and earnings on the 24th, I'm patiently waiting to short this area.
Round 2: Ready to drop, descending channel, No support, just 700Say hello, to your new Bitcoin. CMG is @700, why not 1k, or 10k i mean why not? Nobody takes profit because they all want it to go to 1k?
The way things are looking if ER is solid we are heading to 900$ lol all i can say is ROFL!!!!
So CHIPOTLE is going to take over the world?
finviz.com MCD cap is 146Bil,with 6bil income
finviz.com 19.2 bil, inc 170 mil
so x 10 cap, 190 bil , and 1.7 bil income makes $7k stock ??? Does this make sense?
Just look at these comparisons, crazy. This stock is crazy overvalued.. Can;t wait for this to drop like a TANK. cause when this drops, who will be buying at these ridiculous prices? I mean at 27 mil share float, it basically a bitcoin.
Look at the insider trading!
All i can say, short for now, get out before ER, go long cause u know institutions will buy buying up again... long till it hits 900 short, rofl
Why trade BTC when u got CMG rofl.
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.*/
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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
