Hello everyone! Chipotle Mexican Grill’s trading was worth to wait. It was one of my most profitable trades, considering the swing trade section.
Chipotle Mexican Grill Inc. (CMG: NYSE) 2017.12.04 – 2018.08.28.
Opening price: 328,5 USD
Opening date: 2017.12.04.
Cost of transaction: 0,6%
Closing price: 496,0 USD
Closing date: 2018.08.28.
Result of the trade: +50,3%
The big breakdown of the price gave me a great opportunity to enter the market. After taking the position I had nothing to do but wait. Luckily I got a very strong selling sign or shall I say signs, because these were a bearish engulfing and a bearish continuation patterns in a row. So after that I closed the position at market.