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adriel.arrasmith

$CMG May be Forming a Head & Shoulders Pattern

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Chipotle Mexican Grill, Inc. (NYSE:CMG)  
adriel.arrasmith  
NYSE:CMG   Chipotle Mexican Grill, Inc.
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This is a great what if situation. CMG is way overbought, diverging strongly on the weekly, and at this point looks to be forming a head and shoulders pattern. If we break the neckline at $605 and the uptrend line the first target area is going to be $470-$500 where we have prior support and the 200 ema on the weekly. Depending on market conditions at that point this could also be a good spot to go to long.

Ide yang Berhubungan

adriel.arrasmith
SELL CMG for $480
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