Chipotle Mexican Grill, Inc.
Viés de baixa

Betting Against Burritos: Is CMG Set to Dip?

706
Trade:
Entry: Short layered in between 56- 57, w/ stop loss at 61
Profit level 1: 47
Profit level 2 (Moonshot): 40

Levels of interest:

  • Yearly open at 45
  • Gaps at 46-48. (IMO high %)
  • -Wouldn’t be surprised if it went to 43-36


Short Reasons:
  • Weakess against indices
  • Weekly char shows a RSI Bear divergance
  • Signifciantly above average sell volume on the weekly.
  • Just broke below the 30 week MA.

Aviso legal

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