CMG Bullish Reversal Setup – Targeting $44.30Chipotle Mexican Grill, Inc.BATS:CMGMontazarAlkefaaeThe stock is currently forming a strong accumulation base around the $38.90 – $39.30 zone after an extended downtrend. Recent price action suggests a potential bullish reversal is underway, supported by increasing volume and structural signs of accumulation. Parameter Level ✅ Entry Zone $38.90 – $39.30 🎯 Target 1 (TP1) $44.30 🎯 Target 2 (TP2) $45.30 ❌ Stop Loss (SL) Below $36.00 ⚠️ Key Breakout Level $40.40 – $41.00 (breaking above confirms bullish momentum) Trade Scenario •Phase 1: Price is expected to bounce from the current support zone ($38.90 – $39.30) and challenge the first resistance around $40.40 – $41.00. •Phase 2: If momentum continues, the stock could rally into the major supply zone between $44.30 and $45.30, which is the primary take-profit zone. •Phase 3 (Optional): A breakout above $45.30 could open the door to higher levels, but that is beyond the current trading plan. ⸻ ⚠️ Risk Management Notes •Stop-loss below $36.00 ensures risk control. Any hourly or daily close below this level invalidates the bullish scenario. •A strong breakout above $41.00 is a key confirmation signal for the move toward the $44.30 – $45.30 target area. •Expect minor resistance near $40.40, but clearing it will likely accelerate the rally. ⸻ 📌 Summary As long as price stays above $36.00, the bullish scenario remains valid. The expected upward move targets $44.30 – $45.30, making this trade setup suitable for short- to medium-term swing trading on the 1-hour timeframe.