grahvity

Shorting opportunity in Chipotle

بيع
NYSE:CMG   Chipotle Mexican Grill, Inc.
In 2020, Chipotle paid a record high fine in the food industry of $25 Million to settle criminal charges because of microbial contamination in its food, yet illnessness persist. https://www.morningstar.com/news/pr-newswire/20201031cg77712/pritzker-hageman-food-safety-lawyers-file-ecoli-lawsuit-for-client-sickened-after-consuming-food-at-chipotle

Short at the confirmed/retested break of the massive double top neckline. Close partial shorts/profit at targets iindicated (fib retracement). Risk to new highs.

Maybe there'll be more room for news that bleeds (or poops) after post-election drama settles down. Hopefully the next presidential administration will take food safety more seriously and impose harsher penalties.

Meanwhile, wash your frickin' hands!

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.