Our favorite overpriced burrito maker FINALLY closed a daily candle beneath its Oct. 21, 2014 low (607.55) today. Triggering an ugly Head and shoulders pattern.
That opens the potential to re-test minor support at 583.71, and do we dare to dream of the Oct. 18, 2013 gap-up open support at 481.05?!?!
Let's hope for continued bearish price action in CMG to confirm the larger down push.
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