The Long Investor
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$CMG
🕑 Added 2025-04-21 10:21:51 +0000 UTCAlso reports on Weds but after the market closes.
Those who have been here for some time will know that this chart has not changed in about a year and we caught this move up and down for its ABC correction.
I believe there is still more downside and a test of the 200 WMA at $42 can come next
Losing this level and the 0.5 Fib at $37 is next or the standard ABC correction level at $29.
Patience here is needed before entering.
WSJ reported last week that many are now bringing their lunches to work, which is not a surprise as a standard meal can be around $25 in $CMG now.
