A good entry point for a DPZ Short
DPZ Short Trading Week Dec 3-8
Technicals:
- RSI Showing overbought at 66-72 range
- MACD Showing strong sell signal
- More sellers than buyers in recent months (volume)
- Clear head and shoulders between blue lines, indicating down-trend reversal
- Clean upper-trend line touch @ 184.72 and potential 2-week long head and shoulders pattern indicating reversal in ST up trend
- 50, 100, 200 Moving averages converging below stock price, showing that the stock may be overvalued and the trading range is tightening, poising it for a
potential breakout.
Technicals:
- RSI Showing overbought at 66-72 range
- MACD Showing strong sell signal
- More sellers than buyers in recent months (volume)
- Clear head and shoulders between blue lines, indicating down-trend reversal
- Clean upper-trend line touch @ 184.72 and potential 2-week long head and shoulders pattern indicating reversal in ST up trend
- 50, 100, 200 Moving averages converging below stock price, showing that the stock may be overvalued and the trading range is tightening, poising it for a
potential breakout.
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.