Not financial advice.
NASDAQ:CBRL almost back to the covid levels. It is a good resistance zone area. This one is good for the long term investor who likes to add shares for dividend Pay!
Always be cautious1
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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.
The linear regression channel pattern supports a bearish underlying trend.
Below 134.00 supports a bearish trend direction.
Downside price momentum favour the bearish trend direction.
RSI leaves enough room for further downside price potential.
ADX indicates a potential start of a trend.
Remains below its 200-day simple moving average.
Completely found this ticker by accident today after eating here this morning. Snooped through the chart, and what do you know? It's breaking out from the falling channel in a cleanest fashion possible. Waiting for breakout above 145$. Pt 165$
Risk to reward ration 5:1.
If there is any ticker you want me to analyze pls let me know.
Contextual immersion trading strategy idea.
Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from...
For people interested in good opportunities to sit on companies that provide strong dividends Q v Q, have a look at CBRL.
Here are some really strong merits to the company, vs industry standard:
D/E: 1.46 Ind: 1.05
P/E: 33 Ind: 33
------> VERY IMPORTANT FACTOR
CASH FLOW ($/share): 13.77 Ind: 1.81 (the company is...
Looks like a reversal pattern at resistance. Will buy puts at the end of the day if the pattern holds for another one of those quick one or two day flips. Indicators are neutral though.
CBRL does not trade with the market, goes wherever it feels like...
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.
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.
