Great title right? I made myself laugh with that one lol. What can I say, I enjoy eating at Chipotle Mexican Grill, Inc. (NYSE:CMG), and yes it is close to an orgasmic taste. However, I am here to talk about how I have made 25K in the last month on stock swing trades and how the chart on Chipotle $CMG is a perfect buy setup.
Simply put, notice on the chart how CMG was breaking out dramatically to the upside before the #Brexit vote hit the markets hard. Then, also notice how even with an almost 1000 point sell-off on the Dow Jones Industrial Average, #Chipotle Mexican Grill did not even take out the recent lows. These are extremely bullish signals. About three weeks ago there was a bottoming tail on the stock. That is still 100% valid as it has never been negated. Bottom line is, as long as there is no daily close on the stock below $385, it is a screaming buy. The upside target on CMG is $420 (talk about smoking a massive burrito!). lol
Simply put, notice on the chart how CMG was breaking out dramatically to the upside before the #Brexit vote hit the markets hard. Then, also notice how even with an almost 1000 point sell-off on the Dow Jones Industrial Average, #Chipotle Mexican Grill did not even take out the recent lows. These are extremely bullish signals. About three weeks ago there was a bottoming tail on the stock. That is still 100% valid as it has never been negated. Bottom line is, as long as there is no daily close on the stock below $385, it is a screaming buy. The upside target on CMG is $420 (talk about smoking a massive burrito!). lol
Smoking That Big Burrito For Profits! $CMG That Is :)
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