LONG CMG R:R = 2.15 Long

Chipotle Mexican Grill, Inc.NYSE

Description

⋅ Mar 5, 2021 4:58 PM

Market looks like it's super bearish, yet we have a good setup here.

Watch the price action and GTFO if it doesn't seem like it's working out, but this seems like a reasonable entry.

Comment

⋅ Mar 10, 2021 2:54 PM

Looking great! Taking some profits here is not a terrible idea...

Trade closed: target reached

⋅ Mar 18, 2021 11:47 AM

Almost a perfect trade! Doesn't happen often, so it's very nice to see!

Chart Patterns

Comments

itsAmeMario20

⋅ Mar 7, 2021 9:03 AM

It held the support at 100ema and bounced off at daily charts on Friday. Hoping for a bullish momentum along side with the market coming week. May pick a call for a quick swing.

asenski

⋅ Mar 8, 2021 5:11 AM

@vidhursachin, I rarely use moving averages as they are a lagging indicator. But if that's what gives you a confirmation, then so be it.

Will be interesting to see what it does today! Fridays often have BS moves due to option expiration.

asenski

⋅ Mar 10, 2021 2:53 PM

@vidhursachin, Looking good... ;)

itsAmeMario20

⋅ Mar 14, 2021 6:08 AM

@asenski, Made some good scalp on CMG. Will get back in next week if charts looks good.