Nobody wants pizza

By RitchGBP
Updated
Beside the fact that Coronavirus is crushing stock prices - Dominos has been in a long painful correction since better than expected Q4 earnings, taking it's price to ATH and testing new ground. Price has broken through the descending channel shown, turning this into the upper axis of a flag pattern, the lower axis being support at 334. A close below 334 will give us that last push down, if support holds I imagine price will continue into the triangles boiling point.
Trade closed: target reached
Beyond Technical AnalysisChart PatternsdominosDPZshortsimpleTrend Analysis
RitchGBP

Disclaimer