Chipotle (CMG) at one time was the stock that everyone lost at when you tried to short it.
Well, that couldn’t be further from the truth now. From bad earnings to e-coli in their burritos, things keep getting worse and worse for the company and subsequently its stock.
At this point, I am showing that the $597-$600 range is going to be absolutely key for the stock to hold….otherwise it may actually drop another $100 before it finds meager support at $500.
Here’s my chart analysis of the almighty burrito:
Welcome to Swing Trading the Stock Market Podcast!
I want you to become a better trader, and you know what? You absolutely can!
Commit these three rules to memory and to your trading:
#1: Manage the RISK ALWAYS!
#2: Keep the Losses Small
#3: Do #1 & #2 and the profits will take care of themselves.
That’s right, successful swing-trading is about managing the risk, and with Swing Trading the Stock Market podcast, I encourage you to email me (ryan@shareplanner.com) your questions, and there’s a good chance I’ll make a future podcast out of your stock market related question.
In this podcast episode, Ryan discusses how really bad, losing trades in the stock market creates an impossible scenario for the trader in terms of what the right decision should be.
Be sure to check out my Swing-Trading offering through SharePlanner that goes hand-in-hand with my podcast, offering all of the research, charts and technical analysis on the stock market and individual stocks, not to mention my personal watch-lists, reviews and regular updates on the most popular stocks, including the all-important big tech stocks. Check it out now at: https://www.shareplanner.com/premium-plans
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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
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