Domino (DPZ) recovering after Q3 profit miss?
Technically speaking I see this rebound as the start of a possible recovery. The price is already over the VWAP on 2 hours, the MFI is oversold since October 8 on 4 hours, the ADX is slightly moving down from the current bearish micro-trend also on 4 hours, so for me, the bearish momentum seems to be getting weaker.
Hopefully, the price will stay above the 233 SMA, the green line. 🤞
My first target is the closest yellow line above the price, the average APT (Analyst Price Target) at $431.12, and two more targets at 127.20% and 150% Fibonacci levels. Stop-loss already moved to a small percent above break-even.
If the price gets me out I will enter again at the yellow line below the price, which is the average lowest projection made by some analysts which at the same time converges with a high volume area, the purple line. 👌
From my point of view, the fundamentals aren't terrible, I believe indeed they are promising. If you want to go deeper you will easily find many analysts talking about the company.
I'm in since yesterday, and I will do my second entry in a possible retracement close to the $397.
This isn't trading advice. I've no idea what I'm talking about 😉.
Trade with caution! 🚨
Have a good day! 🤟
Hopefully, the price will stay above the 233 SMA, the green line. 🤞
My first target is the closest yellow line above the price, the average APT (Analyst Price Target) at $431.12, and two more targets at 127.20% and 150% Fibonacci levels. Stop-loss already moved to a small percent above break-even.
If the price gets me out I will enter again at the yellow line below the price, which is the average lowest projection made by some analysts which at the same time converges with a high volume area, the purple line. 👌
From my point of view, the fundamentals aren't terrible, I believe indeed they are promising. If you want to go deeper you will easily find many analysts talking about the company.
I'm in since yesterday, and I will do my second entry in a possible retracement close to the $397.
This isn't trading advice. I've no idea what I'm talking about 😉.
Trade with caution! 🚨
Have a good day! 🤟
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.