Green line is a strong support that if breakdown occurs price will likely recovery there. A down channel can also be drawn which supports the next downward move theory. Drawn some bars patterns for emphasis.
Major Announcement Coming with the roll-out of breakfast. Charts and Indicators look great. LONG
The Broadening Top pattern forms when the price progressively makes higher highs (1, 3) and lower lows (2, 4) following two widening trend lines. The price is expected to move up or down past the pattern depending on which line is broken first. A bit of a toss up since the broadening top formation appears much more frequently at tops than at bottoms, and therefore...
Looking to break 148.43. Target 139.13, Stop signal 152.33 * Trade Criteria * Date First Found- August 23, 2017 Pattern/Why- Key support breakdown short Entry Target Criteria- Break of $148.43 Exit Target Criteria- $139.13 Stop Loss Criteria- $152.33 Please check back for Trade updates. (Note: Trade update is little delayed here.)
CBRL broke down it's gap resistance today, and looks a interesting short from the current level. Moneyflow is negative & heading down. Our primary target is 147
CBRL looks good to 170, maybe by fathers day