Bearish technicals. False break above resistance.
PZZA is bearish for numerous reasons;1) False break above resistance followed by re-entry into range.
2) False break followed by hanging man candlestick.
3) Sudden jump in volume and ADX are the result of a one off earnings beat instead of due to natural supply/demand fundamentals.
4) RSI not only failed to break higher along with the price but also shows us that our timing is not too late for a short.
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