Chipotle Mexican Grill (CMG:NYSE)

Chiptole Mexican Grill (CMG) has demonstrated impressive growth in recent years, and management reiterated that demand for its more expensive menu items continues to come from its loyal base of high-income customers, providing higher margins. Furthermore, digital sales continue to rise, currently accounting for 39% of the company’s bottom line. In order to continue expanding its reach, CMG will open 255 new restaurants in 2023, on top of the 236 opened in 2022, as well as an additional 202 Chipotlanes. 

With a current value that remains above $1350.00 – $1370.00 per share and an upside target at or above $2100.00 – $2200.00 per share, it is clear that investing in CMG can lead to substantial rewards for its shareholders over time.

COTY INC (COTY:NYSE)

Coty and Jil Sander are proud to continue their work together, both having already established a strong history of success. The scope of the license agreement will include the development and sales of fragrances, cosmetics and body care products under the Jil Sander brand name. As part of their upcoming collaboration, Coty has recently launched a campaign named “Define Beauty” that seeks to redefine existing definitions of beauty. The aim is to celebrate beauty in all its forms and to increase inclusion worldwide. 

This coincides with Coty’s recent break of its resistance at $11 as seen on November 17th 2021, now acting as a pivot point moving forward in their growth. If successful, Coty’s next resistance level will be set around $15.

DOT/USDT

DOT is currently enjoying price stability on top of the yellow box.

The last time DOT broke beyond the top of the yellow box, it rallied to new All Time Highs.

Of course, DOT has a bit more resistance above these prices in this cycle but the good thing about these resistances is that they are spread out rather than clustered.

As a result, upon breaking these resistances, DOT could enjoy bouts of strong volatility.

Hold the top of the yellow box as support and DOT could try to reclaim the red level as support, which in of itself would enable an yellow path move within the then newly reclaimed range.

In preparation, the only requirement is that DOT continues to exhibit price-strength confirmation at the top of this yellow box, if needed maybe even retesting it as support again.

GRT/USDT

GRT is positioning itself for a strong Monthly Close above the $0.16 level.

Granted, GRT has already seen a fantastic rally with very little dipping if any on the way up.

If GRT were to dip and slow down a bit for a moment, the green-green range ($0.12-$0.16) would be the place to do it for a bout of re-accumulation.

So in fact, a Monthly Close below the $0.16 level could reject price into the range, whereas a Monthly Close above it followed by a retest could enable a move to the red region above.

A note on that red region above: it may not act as a strong resistance; the downside wicking of early 2021 and late 2021 formed this region as support, but I don’t expect strong rejection from it.

If anything, this resistance could just serve as additional information on how strong this current uptrend is.