16 June, 2018
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Last analysis on Chipotle Mexican Grill was in May.
U.S. Stock Chart Analysis
CMG Chipotle Mexican Grill Inc Charting from Day One
Picture worth a thousand words, see chart on Chipotle Maxican Grill Inc stock price action from Day One. Manage your risk.
This stock went as high as 750. However, Chipotle Mexican Grill can not get enough of interest after that. 2015 was the best year for them. Thereafter, the price has a reversal to bring the price down to the 2012 resistance; high, slightly below 450. The decline was fast, within a two months, the price after retest the high of 750, it went straight down to test below 450. Then the price action struggle, but went below to test 350. Manage to pop the head above 450 and touch 500. But that was the best in 2017. This year, 2018 the price action drop down and get supported by 250. Now the price is back to slightly above 450.
The market seems to think 450 zone maybe right for Chipotle Maxican Grill stock.
Manage your risk, as all setup can fail.
June 14, 2018 Chipotle Maxican Grill Inc Charting from Day One
Moses US Stock Chart Analysis
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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.
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