What is so amazing about a chart that fell roughly 50% in 1 year? What we're seeing right now is a textbook falling channel structure. In general a falling channel consists of 1 resistance line and 1 support line in which the price oscilates between. There are 4 lines on my chart. I'd like to add an extra support and resistance line in order to create more...
Still hard to tell if Dominos will continue this downtrend, but it looks like the bears are taking control here. In large it looks like we are still in a bull flag like we had in sep-dec 2018. But key diffrence is that RSI is below transition zone. Takeaway from this is that we will likely go down instead of going up. Best place to short will be the S/R flip or at...
NYSE:DPZ Dominos Pizza, Inc. ------ Buy = $277.70 Take Profit = $290.00 Stop Loss = $270.40 ------ Profit:Risk = 1.68 : 1 Profit:Risk = +4.43% : -2.63%
The small siamese double falling wedges from our previous ideas that were also acting as a bull pennant recently triggered taking us far enough above the bigger green falling wedge shown here to ensure we will likely be triggering the green falling wedge breakout as well which should take us to a target around 4726 if it triggers which is comfortably enpugh above...