Sunday, November 01, 2015 4:58:56 PM
CMG daily chart -
* the unfilled gaps below are marked with orange
dashed lines
* October 31 - CMG closes 43 stores in WA and OR while an E. coli investigation is conducted
http://www.bizjournals.com/denver/news/2015/10/31/chipotle-closes-43-northwest-locations-amid-e-coli.html?ana=yahoo
* since the earnings release, eight consecutive days below the lower 50,2 Bollinger Band is a continuation sell signal
* one highly responsive method for not leaving the "sell short" trade setup too early is to monitor the daily RSI-2 and RSI-5 during the trading day and not exit the short trade unless an expected daily close above the 50 to 60 levels is obvious
* the unfilled gaps below are marked with orange
dashed lines
* October 31 - CMG closes 43 stores in WA and OR while an E. coli investigation is conducted
http://www.bizjournals.com/denver/news/2015/10/31/chipotle-closes-43-northwest-locations-amid-e-coli.html?ana=yahoo
* since the earnings release, eight consecutive days below the lower 50,2 Bollinger Band is a continuation sell signal
* one highly responsive method for not leaving the "sell short" trade setup too early is to monitor the daily RSI-2 and RSI-5 during the trading day and not exit the short trade unless an expected daily close above the 50 to 60 levels is obvious
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