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CMG 50-1 Stock Split

Written By: ChartChamp

June 26, 2024

Chipotle $CMG is receiving a lot of attention due to today’s 50-1 stock split. I think CMG is trading within a channel with a red resistance line around $86 and green support line around $33. There’s likely to be more upside over the next few months, but CMG is likely to peak at the red trendline before starting a steeper correction. I have the green support line as a key price level for the best entry, but I think it’ll take some time for this buy opportunity.

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