CBRL ... my 2 cents ... if we remove that big
mid-September gap, it's kinda stuck under a downtrend line and it's
50dma... the area around the 50dma has been proven to be a though
nut to crack for this one ... and it's been hovering
around it's 200dma as well for about 2 months now ... personally if
I would be playing this, I would like to see a break in trend ...
it's a bit in "no mans land" for me right now ....
Super appreciate your good thoughts on this play as it seems a
lot of pbj stocks are falling apart or in distribution phase. CBRL
shows 50sma xo 200xma, bearish xo also; maybe earnings report will
do it.Thanks for feedback! maybe wing maybe next.
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CBRL ... my 2 cents
QSR (QSR.to)
Posted by mla127 on 5th of Nov 2019 at 01:12 pm
CBRL ... my 2 cents ... if we remove that big mid-September gap, it's kinda stuck under a downtrend line and it's 50dma... the area around the 50dma has been proven to be a though nut to crack for this one ... and it's been hovering around it's 200dma as well for about 2 months now ... personally if I would be playing this, I would like to see a break in trend ... it's a bit in "no mans land" for me right now ....
Super appreciate your good thoughts
Posted by imelhoe on 5th of Nov 2019 at 01:20 pm
Super appreciate your good thoughts on this play as it seems a lot of pbj stocks are falling apart or in distribution phase. CBRL shows 50sma xo 200xma, bearish xo also; maybe earnings report will do it.Thanks for feedback! maybe wing maybe next.