CMG Continues to Impress Investors with Bullish Outlook
@Elliottwave_Forecast:
CMG Continues to Impress Investors with Bullish Outlook April 11, 2023 By EWFAyoub Chipotle Mexican Grill (NYSE: CMG) is a fast-casual restaurant chain that has caught the eye of investors due to its strong performance in recent years. Since the market bottomed out in February 2018, the stock has displayed an impressive bullish trend. This article will analyze CMG’s stock using Elliott Wave technical analysis and explore potential outcomes for investors to consider, offering valuable insights into the mid-term trend. Since breaking above the 2015 peak, CMG has established an impulsive structure and traded within a super cycle wave structure. In a previous article, we noted that CMG needed to hold the 2018 & 2020 lows to continue its advance. Wave (IV) formed a major higher low at $1196