6 October 2019
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CMG Chipotle Mexican Grill Inc Stock Charting
We were studied Chipotle Mexican Grill Inc Stock support in August to find their strong level. Now, that study CMG stock price action again.
Let zoom in to look at the stock in the last twelve months, or fifteen months.
See chart, picture worth a thousand words.
We add moving average such as GMMA, Guppy Multiple MA to find the price action trend. Besides that we also add Woodies CCI to find short-term trade.
From price action you could find price action breakout from a strong level near 500 dollars and now the price action is around eight hundred dollars. The price action jump up three hundred dollars in less than ten months. Good stock to trade.
From GMMA, we see price goes from below slow MA to above, and stay above.
Trade with your eyes open.
Moses Stock Observation
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Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.