1Semana·

Chart analysis - Chipotle Mexican Grill 🌮🌽

Chipotle has recently formed a classic double top (bearish reversal formation) on the chart, which has since been confirmed.

After the break of support, I expect a more significant setback; I consider a correction to the $39.00 to $35.50 range to be realistic.

Technically, this would correspond to the typical price target of a double top, which results from the height of the formation.


In my view, the risks therefore predominate in the short term, but the share remains very interesting in the medium to long term due to its strong fundamentals.

$CMG (-3,06 %)

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8 Comentarios

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That's voodoo 😄
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1Semana
@Sansebastian It even works sometimes!
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Do you also include volume in your considerations? e.g. VRVP or VWAP?
I'm just asking out of interest because I'm also very chart-driven😅
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@TomTurboInvest Yes, in my opinion, the volume profile of the visible range is a very valuable and revealing indicator. In my previous analyses, I have often marked the prominent volume swings.
In the case of Chipotle, however, I have noticed that the volume profile has generally shown rather low volumes in recent years.
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@Iwanowitsch I've never even looked at Chipotle. I'll have to take a look at it over the next few days.
As I tend to be a short-term investor, I prefer stocks that move within a range.
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Classic tits chart.
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I've been wanting to get involved for a long time, let's see if there's an opportunity soon
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Very interesting under 40 USD. 👍
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