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PZZA - Papa Johns Potential Swing setupHi guys! This is a Technical Analysis on PZZA/ Papa Johns Pizza and its current price action showing a potential swing trade set up in my opinion. Lets jump right in. Note this is on the WEEKLY Timeframe. I am currently posting this on Thursday so current candle is not yet confirmed. Wait till friday's market close. And trading weekly candles it can also help to wait for the next 1 or 2 week candle closes for Confirmation. BUT i will do MY VERY BEST to keep you updated. (So follow me if your interested) Okay FIrstly PRICE ACTION: Current movement is breaking out of this Red Sloping Resistance line from our TOP (December 2021), We need to see if we stay above this, and it act as support in coming weeks. We are also moving above the GREEN Moving average, the 50 DMA, which we've been below about 5 months or 20 weeks. So it can be probable that we stay above it for atleast couple weeks, at the very least. Since we havent in some time. This move or MOMENTUM comes from testing and confirming SUPPORT from the convergence support line of the 2 white support lines from previous history dating back, December 2008 and July 2018, respectively. ALso note, the 2 green curved lines drawn, this indicates double bottom, which could also be adding to this upward move. My Target is where the RED Horizontal resistance line and BLUE moving average, the 100 DMA CONVERGE. For a return of 14%, before a possible PULLBACK. Now with PRICE ACTION, i combine some indicators usually momentum indicators to see whether or not certain areas will have enough or continue to have enough momentum to push through. Firstly we have the RSI -> The most important thing for me is to create a higher high on the RSI above this HORIZONTAL WHITE LINE. If we are above it come end of Friday, i see it as a good sign. Next we have the MACD. Notice we have a bullish cross, where blue line is above orange/red line with dark GREEN Histograms growing tall. -> You wanna see this for bullish case. Also notice how the white sloping line, highlights how the RED histograms have been getting smaller, showing waning bearish momentum. We are also below the 0 level, if we can get above this with the Bullish cross of the blue/red lines, it can be extremely BULLISH. It could have enough momentum to push passed the RED HORIZONTAL line @ $96.00 So keep an eye on MACD, in next coming weeks. Next is ADX & DI. Notice the white box, coinciding with December 2021 TOP. This was BEARISH indicated by RED line on top of Green line. Now coming to recent action, GREEN line is now crossing over red. Notice the WHITE horizontal line, if Green line can move above, this will indicate a higher high and a good sign. Also the white Moving average, can play a factor. If it crosses the green line when the green line is above red line, this can have bullish indication. Notice the previous history and the green circles highlighting the crosses. Lastly, the idea of BULLISH DIVERGENCE is a possibility. This is when Price action has lower lows but indicators show higher lows. WHen this happens, price action eventually catches up to match indicators with massive gains to the UPSIDE. Notice the RED line in RSI, indicating higher lows. But price action showing double bottom or sideway action. This could be a variation of a DIVERGENCE but also could mean the divergence hasnt formed yet, implying a future PRICE DROP creating a lower low. CONCLUSION: All in all, many things are happening in PZZA price action, indicating a battle for trend reversal. Weekly charts help show a more macro view of whats to come compared to Daily charts. We have a potential break of a MAJOR resistance line from December 2021 top, a reclaim of the 50 DMA, and a move of atleast %14 happening. We could have a potential double bottom formation with a bounce from converging support lines, in play. Indicators also show probability of momentum still left in the tank for prices to continue Up. On the downside, there is always chance of price moving down, and a potential of a Bullish divergence, though a great sign overall could mean a short term price drop for it to play out. Anyway i hope this helps. Let me know what you think by COMMENTING! Please, if you like this analysis, do boost and follow for updates/ other charts on all kinds of trade-ables. DISCLAIMER: I am not a financial advisor. This is not financial advise. This is my opinion and for educational expression. Risk management should always be a majority of your strategy, do practice proper risk management and issue stop losses. Thank you.
NASDAQ:PZZALong
by SafofAllTrades
BTC possible next move.Currently, BTC is forming a Ascending Triangle pattern and might play inside the pattern, because of the gap below because of the pump. If BTC fail to break the current resistance, we might see the price going back down and fill the gap 1st before going back up and break the structure for another move up. This is not a financial advice, It is not 100% guarantee, and I only share base on what I see. Still DYOR, and TYOR ^-^! just giving you a possible next scenario in my perspective. Happy trading everyone, hope you will have a profitable year.
by itsmeharuru
FLOW possible next move.The recent swing high filled all the gaps on the market from the last dump as stated on the chart. We might see it move sideways, or retest lower because there is still imbalance below/gap that needs to be filled. I have marked the possible reversal of the trend/or where the candles might bounce back. Switch to lower timeframes to get a better entry point. My ideal entry point is when the market touch the Order Flow below the gap and bounce on it. This is not a financial advice, It is not 100% guarantee, and I only share base on what I see. Still DYOR, and TYOR ^-^! just giving you a possible next scenario in my perspective. Happy trading everyone, hope you will have a profitable year.
by itsmeharuru
STX possible next move.STX still in uptrend. If STX break above its most recent high, we might see it go to the possible target or sell short zone. If it gets rejected, there is still gaps below its current price. Go to lower TF for better entry if it touches the zones, and look for signs that the trend will continue or reverse. STX already hit the most recent liquidity zone, we might see it touch the First buying zone or the extreme OB/Ideal buying zone. Still DYOR, and TYOR ^-^! just giving you a possible next scenario in my perspective. Happy trading everyone, hope you will have a profitable year.
Long
by itsmeharuru
EOS possible next move.With EOS nearing its All-time low, from my perspective it's good to buy long from its current price at the support while it is still accumulating/ranging/gathering liquidity. reason to buy long: -EOS have a lot of events incoming (check on their website, twitter, coinmarketcal) -Support of accumulation/parallel channel. -Nearing its All-time low. -Have a huge gap to the upside (acting as a magnet). -Long wicks in the lower part of the candle, meaning there is a high buying pressure at this point. -Low risk, high reward ratio. -BTC halving is nearing. Still DYOR, and TYOR ^-^! just giving you a possible next scenario in my perspective. Happy trading everyone, hope you will have a profitable year.
Long
by itsmeharuru
1
2023.6.1 Will the stock price of C3.ai weaken in three weeks?2023.6.1 Will the stock price of C3.ai weaken in three weeks? This chart shows the weekly candle chart of C3. ai's stock from its listing at the end of 2020 until now. The graph overlays the lines between the highs and lows of the past two years, the lines between the lows and lows, and the horizontal line of the strongest pressure level closest to the current stock price! As shown in the figure, the stock price of C3.ai began to rise in early May 2023 and has been closing positive for 5 consecutive weeks. After breaking through multiple pressure levels, it showed a standard form of releasing momentum by jumping short and opening high this week! In the next three weeks, there is a high probability that the rise of C3.ai will come to an end, retreat from the starting position of bearish positions in early April of this year, and then choose a new direction to break through!
NYSE:AI
by Think_More
GOLD: 19/05. Sellers still prevail?TVC:GOLD Gold prices extended the downside break of the two-month ascending trendline and the 50 DMA as it created support at 1955 including the late-January high. Adding strength to the seller's dominance are the bearish signals from the Moving Average Convergence and Divergence (MACD) indicator. However, the Relative Strength Index (RSI) line, set at 14, is still well below the 50 level and shows that Gold prices are bottoming out. Therefore, the 100 DMA and the upward sloping support line extending from November 2022, near $1,930 and $1,925 respectively, could limit the further downtrend of XAU/USD. In the event that the Gold price still falls through the $1,925 level, the possibility of seeing a drop to the $1,910 round-up cannot be ruled out. Conversely, the previous 50-DMA support line, near 1986$ and 1990$ in that order, will stand against the round figure of $2,000 to limit the short-term rally in Gold prices. If XAU/USD remains firmer beyond the psychological magnet $2,010, highs marked in late March and early April, around $2,015 could act as an additional test before ending. pushes quotes towards 5-week horizontal resistance near $2,040. BUY GOLD 1950-1953 Stoploss: 1945 Take Profit 1: 1958 Take Profit 2: 1965 Take Profit 3: 1970 SELL GOLD 1968-1972 Stoploss: 1978 Take Profit 1: 1963 Take Profit 2: 1958 Take Profit 3: 1950
TVC:GOLDShort
by DNA_TradingFX
3
#BTC next target is 34k!#BTC UPDATE BTC is making this bullish flag pattern and is currently at the lower level of this pattern and is at 200MA support. (Basic info about the pattern) The bull flag pattern is a continuation chart pattern that facilitates an extension of the uptrend. The price action consolidates within the two parallel trend lines in the opposite direction of the uptrend, before breaking out and continuing the uptrend. According to the pattern we can expect a 12% bounce after the break out of this pattern which is around 34k. RSI is showing some bullish divergence moves in the short term. Stay tuned I will keep updating This chart is likely to help you make better trade decisions if it does consider upvoting it. I would also love to know your charts and views in the comment section. Thank you
Long
by CRYPTOMOJO_TA
19
DXY$DXY Dollar Showed Little Reaction to CPI Data so i'm looking for the markets to act normal with no more major news ahead anytime soon. Therefore, i'm looking for DXY to drop and make a correction. Disclaimer: This is not trade advice. Trading foreign currencies, stocks, indices, etc can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the financial markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose!!! Good luck and Happy trading!
TVC:DXYShort
by DTradesFX2