GoNoGo Charts: Can Dominos Pizza break out?
The daily GoNoGo Trend shows a “Go” for Dominos Pizza, and over the course of the last few weeks several re-entry green circles as the pizza giant keeps running up against overhead resistance.
The last bar shows a really strong effort to break out, and so we are interested to see what it can do this week.
Interestingly, the GoNoGo Oscillator in the lower panel shows momentum making lower highs with each attempt, so a significant rally off the zero line would be needed to confirm a break out.
The last bar shows a really strong effort to break out, and so we are interested to see what it can do this week.
Interestingly, the GoNoGo Oscillator in the lower panel shows momentum making lower highs with each attempt, so a significant rally off the zero line would be needed to confirm a break out.
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