Chipotle completing a double bottom with volatility contraction
Chipotle is heading out of a double bottom with a buy point at 1366.66. The volatility contraction makes for a nice tight 10d ATR (x2.7) stop of 5.86%.
Earnings and sales are starting to recover (still a ways to go). Analysts have been upgrading price targets to ~1500.
Buy Point: 1366.66
Stop Loss: 1286.57
Position Size: R17.06
Earnings and sales are starting to recover (still a ways to go). Analysts have been upgrading price targets to ~1500.
Buy Point: 1366.66
Stop Loss: 1286.57
Position Size: R17.06