CBRL reported and missed today. I love this gap below support and think this could run.. This is a potential bill paying trade for people. I'm getting in at the open if it opens below this enter line.
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...
CBRL is bouncing off its green trendline and I am expecting it to go back up to as high as within the red resistance lines. It is coming off a decent earning and has a good dividend yield.
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...
Waiting for this to fill the gap at around $156. Lets see ..
BIG PICTURE MONTHLY CHART ANALYSIS ON CRACKER BARREL (CBRL)
Might have reach support and bounce from 130.98. Waiting for a retest for a BUY. If breakdown 130.98 support will be more to a SELL.
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
whole sector has sold off nearly 10% then fully recovered in one day or just kept going higher, put in an order to buy at 120-125premarket if you like that for this name.