TRADING TIPS

CMG is About to Go Higher

Hubert Senters here.

Let’s take a look at the stock market in particular the ticker symbol that we’re going to look at right now is CMG for Chipotle Mexican Grill.

And it is on a cruise mode higher. It’s going to take out in my opinion. These most recent highs at $1,561 and and then this area of $1,580.

So it’s a little harder to figure out the target until they take that out. You can do it but it just makes out of position. Not much pullback.

And you could force a fib in there and go ok low, high, higher low and it will work but it’s not going to be perfect. But that’s what trading is nothing is perfect.

Low. I’m going to call that a high and a low right there a little minor pullback. Next target $1,549, $1,589, $1,613 and you’re also going to be taking out like I said this area of $1,557 to about $1,578. So pay attention to CMG next week. It’s probably going to continue to cruise higher.

Mark Helweg is going to be doing a special webinar The Invisible High Dollar Pattern Tuesday, June 29th at 8PM EST. I’m going to HYPERLINK you to the registration page. Click REGISTER MY SPOT NOW.

Hubert.

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