ASX:DMP - Dominos 🍕 retrace to EMA21 Nice entry point? Hi folk, I am sharing my four analysis to DMP , unfortunately ,other charts were removed by Tradingview due to some violation from my side
However, this video analysis will help to analysis the stock chart
Love to hear in comments box below
Disc: No buy or sell recon, DYOR, Invested in very lower level, added another trance with strict Monthly closing basis Stop loss rule
DMP
DMP.ASX_Bearish Breakout Trade_ShortENTRY: 75.45
SL: 82.29
TP1: 70.60
TP2: 66.31
- ADX>25
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned.
- Breakdown on 23 Feb 2022 and in range contraction since then.
- Entry based on today breakdown from range, >3% rebound off 10EMA and down-trendline with volume
ASX:DMP - Stage 4 uptrend started- dominosStage 4 of growth has just started....?
History tells us that....
Domino's Pizza Enterprises Limited (DMP) is engaged in the operation of retail food outlets and franchise service. The Company holds the exclusive master franchise rights for the Domino's brand and network in Australia, New Zealand, France, Belgium, the Netherlands, Japan and the Principality of Monaco. The Domino's brand is owned by Domino's Pizza, Inc. which operates within the Quick Service Restaurant (QSR) pizza segment of the fast food market in Australia and New Zealand.
Is Domino's days numbered as a growth stock. Growth investors have stepped in over the last 2 years every time Domino's has disappointing at report time or had negative news regarding their buyback. I think we are going to find out very soon if growth investors patience has run to thin. from a technical point of view DMP looks a high probabilty of breaking to the downside. Furthermore, its hard to see a clear level from a technical point of view where support may come in. Perhaps around $33.