TRADING TIPS

CMG Trading Tips

Hubert Senters here. Let’s take a look at Chipotle. CMG is the stock symbol. Overall it looks pretty good here. Now, the only thing I don’t like about is the ADX is a little low. But let me walk you through because ou can get away with it. You can bend or break this rule depending on what it looks like. It’s headed towards $20. Now, if it was like this and it’s going down I would stay away from it since it’s bottomed here and starts working its way towards $20. The hypothesis or my guess, my swag, my scientific wild guess is going to cross $20 and would be ok so you can do that. And also when it drops below $20 on a short it will usually drift lower heads up on that. So Chipotle has a bracket trade and it’s above the cloud probably going to go higher if I was guessing. But let’s not force our assumptions onto the equity. Let equity tells us what to do. So above $1,423 long below $1,373 short. I’m going to give you a couple of targets to the high side because we can grab those really quickly. Next target would be to the high side if it breaks $1,455 and $1,482. If your trading plan is just so complicated that you are dear in headlights or you suffer from fomo, fear of missing out or you’re always chasing the momentum stocks like a dog chasing a car. Heads up, you know having dogs. Have you ever seen dogs with three legs? That’s what happens to them. All dogs that chase cars eventually get tagged. I’m going to HYPERLINK you to the webinar. This is simple, effective and I think you’ll like it so it is tonight Wednesday, December 16th at 7PM EST. Good luck. Hope it helps. See you on the next video. Hubert.

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