Good support level matches up w/ the 1.13 extension that it bounced from. RSI bullish divergence on the lower low. As usual we're looking for a 0.5 retrace here from the shark so target around 164. If it falls through support, there is a larger gartley there but the PRZ is so huge I wouldn't take a trade until it develops a bit.
Cracker Barrel Old Country Store, Inc. (CBRL) shares are trading at $144.45, down -4%. In today's earnings, comparable retail sales rose 1.3%, however, restaurant revenue grew by a meager 0.9%, which sent the stock down. What should investors know about Cracker Barrell Old Country Store? What's CBRL stock price forecast?
Cracker Barrel Old Country Store stock...
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.)
I like this stock and these are my thoughts:
The stock stopped today at a very strong support that lasted from 2015-03-31 to today. It was a resistance from the beginning to 2016-05-31 and then the resistance line became a support line. The stock bounced 3 times and bounced back higher and im expecting the same thing tomorow. There is a nice engulfing pattern so...