$CMG Hits Resistance Zone After Textbook Bounce, $42–44 Key Test
$Chipotle Mexican Grill(CMG)$ Weekly Update 🔔
The bounce in Chipotle has been textbook.
We tagged the Smart Money Zone perfectly
Monthly BX confirmed a higher low last month
From here, I’m watching for a short-term rejection:
On the weekly chart, price is heading into a Point of Control resistance on the Volume Profile
There’s a massive 848M share block between $42–44, which should act as heavy resistance
That zone also lines up with the Weekly Fair Value Band, which usually acts as resistance when price is trading below it
Big picture:
I still expect structure to flip fully bullish in 2026
I still believe we can see $70 by year-end
But a short-term rejection off this 42–44 area would not surprise me at all before the next leg higher.
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