pool adsComprehensive non-correlated Cracker Barrel Old $CBRL Trading Report
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Neutral | Neutral | Weak |
| P1 | 0 | 0 | 66.54 |
| P2 | 118.26 | 117.33 | 98.90 |
| P3 | 120.47 | 120.79 | 126.29 |
Support and Resistance Plot Chart for CBRL
Long Term Trading Plans for CBRL
October 20, 2020, 11:45 pm ET
The Technical Summary and Trading Plans for CBRL help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this CBRL Report.
CBRL - (Long) Support Plan
The technical summary data tells us to buy CBRL near 98.90 with an upside target of 126.29. This data also tells us to set a stop loss @ 98.61 to protect against excessive loss in case the stock begins to move against the trade. 98.90 is the first level of support below 120.06 , and by rule, any test of support is a buy signal. In this case, support 98.90 is being tested, a buy signal would exist.
CBRL - (Short) Resistance Plan
The technical summary data is suggesting a short of CBRL as it gets near 126.29 with a downside target of 98.90. We should have a stop loss in place at 126.65 though. 126.29 is the first level of resistance above 120.06, and by rule, any test of resistance is a short signal. In this case, if resistance 126.29 is being tested, a short signal would exist.
Blue = Current Price
Red= Resistance
Green = Support
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