CMG has gapped below T1 & is trading down over 22% on disappointing earnings or guidance (or both). not really sure which & don’t care as it’s all lies anyway. remember people lie, charts don’t. this bloated stock most likely has more downside to come now that it’s bubble has been pricked. note that my preferred target of T3 on the daily chart, also lines up with my first weekly target.
also note that i pointed out this very odd (unnatural) price action immediately preceding the top in CMG. there’s usually a price to pay for stock manipulation & this looked like some type of programmed trading executed short-squeeze IMO. if so, then the stock should continue to tumble as the manipulators have already squeeze out the majority of the only guaranteed buyers of CMG (shorts MUST cover/buy at some point where as longs/bulls can decide to just stay away). updated daily chart, previous two weekly charts & updated weekly chart:
