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CMG reached the $30 target derived from technical levels (Fibonacci 786% correction, June 22nd gap) and is currently stabilizing.
But before I show you that, let me show you the Chipotle Grill. Chipotle Grill. We put this out early this morning before we started to back down. This was before the nine o'clock candle .
We probably brought this up around 8:30. Look at this level. He reached our goal of $ 30. What made me think Chipotle would reach this level and bounce back? Okay guys, we had two workers.
That is why we are waiting for dual factors to be available . We have had a bridge to this gap since June 22nd. If you look at the Fibonacci tool from bottom to top, this is a 786% correction.
Thus, the company's stock ended up falling to this level and then made a very strong rebound. Now, it seems to be stabilizing, but yes, we gave you this level beforehand.