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CHIPOTLE MEXICAN GRILL INCCHIPOTLE MEXICAN GRILL INCCHIPOTLE MEXICAN GRILL INC

CHIPOTLE MEXICAN GRILL INC

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CHMG trade ideas

CMG UpdateThe last bullish signal I gave on CMG was an intraday chart Gartley @ 301.73 that gave us a couple of nice bounces that were confirmed by RSI all the way to the overbought extreme. The third test of the Gartley's PRZ was not expected to have a high probability of holding but nevertheless gave an impressive response. Now that price has come through that level in a dramatic gap, short-term (intraday) sellers of CMG should have several opportunities in the next few days to catch relatively easy downswings. Watch especially for a 70 test of RSI on the 30m chart or signals from HSI if you have access to it.
NYSE:CMG
by Keegan
1
CMG Potential double bottom, for risk lovers.In terms of fundamental analysis , even the most junior finance department student will suggest to avoid CMG 0.80% stock as its crazy P/E and looks like such a falling knife. While higher risk makes higher return , and it did give a potential long opportunity. In weekly chart, right here is the 0.618 retracement of the rally from 2008, and a daily double bottom is about to be formed. My game plan is to wait for the double bottom to be confirmed ( close above 323 on daily chart ), And put a buy limit at the 0.618 retracement of the neckline breakout. Let's see how it goes!!
NYSE:CMGLong
by Trader_Joe_Lee
2