How the price action of Cracker Barrel Old (CBRL) is used to our Advantage

Source: Stock Traders Daily

Longer Term Trading Plans for CBRL
  • Buy CBRL over 86.18 target 97.74 stop loss @ 85.93 Details
  • The technical summary data tells us to buy CBRL near 86.18 with an upside target of 97.74. This data also tells us to set a stop loss @ 85.93 to protect against excessive loss in case the stock begins to move against the trade. 86.18 is the first level of support below 96.58 , and by rule, any test of support is a buy signal. In this case, support 86.18 would be being tested, so a buy signal would exist.

  • Short CBRL under 97.74, target 86.18, stop loss @ 98.02 Details
  • The technical summary data is suggesting a short of CBRL as it gets near 97.74 with a downside target of 86.18. We should have a stop loss in place at 98.02though. 97.74 is the first level of resistance above 96.58, and by rule, any test of resistance is a short signal. In this case, if resistance 97.74 is being tested, so a short signal would exist.

Swing Trading Plans for CBRL
  • Buy CBRL over 86.18, target 94.65, Stop Loss @ 85.93 Details
  • If 86.18 begins to break higher, the technical summary data tells us to buy CBRL just over 86.18, with an upside target of 94.65. The data also tells us to set a stop loss @ 85.93 in case the stock turns against the trade. 86.18 is the first level of resistance above , and by rule, any break above resistance is a buy signal. In this case, 86.18, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short CBRL near 86.18, target n/a, Stop Loss @ 86.43. Details
  • The technical summary data is suggesting a short of CBRL if it tests 86.18 with a downside target of n/a. We should have a stop loss in place at 86.43 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 86.18, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CBRL
  • Buy CBRL over 97.21, target 97.74, Stop Loss @ 96.98 Details
  • If 97.21 begins to break higher, the technical summary data tells us to buy CBRL just over 97.21, with an upside target of 97.74. The data also tells us to set a stop loss @ 96.98 in case the stock turns against the trade. 97.21 is the first level of resistance above 96.58, and by rule, any break above resistance is a buy signal. In this case, 97.21, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short CBRL near 97.21, target 94.65, Stop Loss @ 97.44. Details
  • The technical summary data is suggesting a short of CBRL if it tests 97.21 with a downside target of 94.65. We should have a stop loss in place at 97.44 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 97.21, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

CBRL Ratings for August 06:

Term →Near Mid Long
Rating Strong Strong Weak
P1 0 0 86.18
P2 97.21 94.65 97.74
P3 99.84 98.53 109.99

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CBRL Long Term Analysis for August 6 2022


CBRL Swing Trading Analysis for August 6 2022


CBRL Day Trading Analysis for August 6 2022

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