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
IF CBRL gaps up into the green box, looks bullish to me over earnings. IF CBRL gaps down into the purple box...no idea... maybe spreads or something? LONG term bullish to neutral.
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 at a very good support. Could bounce nicely! IF this triggers soon, shares are an okay choice. But dividends is approaching. Remember, if you're in short a dividend paying stock, you have to pay those..; ) Could CBRL bounce bullish from here? Yes. Today is a NICE tweezer bottom.
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
Super strong gap. Breaking out of a distribution phase. This stock could see $200 this year. Buy the dips. Insanely strong bullish gap and go. Be bullish with your analysis on CBRL... for A WHILE. IF you get stopped out, good risk mitigation. But for my LONGER TERM traders, edge is bullish
CBRL looks good to 170, maybe by fathers day