I had been looking for CMG to turn in a new directional move after a long, sideways consolidation. The big question, of course, was in which direction the move would break.
The weekly chart, updated below, has the hallmarks of a bullish consolidation in a strong uptrend. The stock has certainly been quiet and not discussed nearly as much as it once was earlier this year. I am looking at this one as a viable long idea into January, provided $510 support continues to act as a firm floor.
Some quick short squeeze ideas on my radar this afternoon: OPEN NILE.
Drop me some of your top tickers.
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SNDK & WDAY Looking interesting. WDAY not as clean
Agree, nice ones.
CMG was this week’s option lotto ticket #hindsightcapital
I want it still, but I am cursed with chasophobia
Might be a new/resurgent leader.
WIX SD EBAY
nice ones
The Pizza Bottom is in Long CMG against 514
you should trademark that
haha!
I vote to add Pizza Bottom to the stockcharts indicator list
hahah
I’m still following HCA. alert on think or swim that someone bought $500k worth of jan 45.50 calls this morning at 11am.
nice 1
DECK for what seems like a month to me is still on watch. Hoping to catch a ride soon like CMG today, but it is still ranging. Like JAH, but not here. HA, but not sure this is right here either. HII continues to amaze me, but no place for an entry here.
BWS