The Long Investor
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$CMG - EARNINGS YESTERDAY -
🕑 Added 2025-04-24 15:13:29 +0000 UTCMixed earnings yesterday, it was a beat on EPS but a miss on Revenue.
Price is relatively flat today which is probably not a bad sign.
The ABC correction has so far only pulled back to the 0.38 Fib at $44 and now testing the 50 Day MA from below, which it has done since December and each time has made a lower low.
The 0.38 Fib is quite shallow for an ABC pull back, so we would expect more downside here.
Zero changes to the chart either way
But pay attention to where the Wave B level rejected at, it did go higher than the 0.618 Fib, worth considering for other Wave B's we are watching right now.
