Don’t Sleep on $CMG - Is This the Start of Fresh Rally?Could be!Chipotle Mexican Grill, Inc.BATS:CMGblue039I've been a fan of Chipotle and I think I am beginning to like the set up of its chart now. After that long downtrend (gap down) from the $52s, CMG finally looks like it’s trying to carve out a bottom base. You’ve got a clean breakout from the descending trend line and a solid close above short-term resistance near $41. Volume picked up — that’s confirmation you want to see when something’s flipping sentiment. The stochastics are curling up from oversold, signaling a momentum shift. The 50-day MA looks ready to flatten and possibly turn up. If this move holds above $40s (a psychological and technical level), this could trigger a bullish reversal wave toward that $46–47 range next, where the 200-day MA sits as the next wall. It would be nice if that gap would be filled at no time, similar to what happened to our recent trade to ( LAC ). Bigger picture: $39–$40 zone is the make-or-break level for bulls. Lose that, and it’s back to the base-building zone around $37. But if momentum follows through, this might be the early stage of a trend reversal rather than just a bounce. If in case this price action holds up above that line $41.76, I will start a small position even if I got an average cost at $42s. Then if this uptrend pattern follow thru - I'll add more. I'll put my stop at $36. It's kinda loose but this stock is not as volatile as the AI's so I will give this time to play out. I'm a bit worried about the US Shutdown as people will definitely try to cut down their expenses, so there will be a factor to the final quarter store revenue of CMG, but let's see... So again, manage your trade carefully and God bless you all. Happy weekend.