PP1 trade ideas
The Topping to your Papa Johns $PZZANASDAQ:PZZA
Title says it all. This looks to be a short term top to me on the 1D chart and a potential H&S in the making, currently in the process of printing the head.
$PZZA broke to ATH's after consolidating from May-June. Typically once you breakout to new ATH you will get a retest of the prior consolidation, hence why I am looking to short here with a target around $80. As you can see the purple arc acted as resistance during consolidation before breaking out, completing our right shoulder. I have put another purple arc at the head where we should see resistance and a breakdown back to the consolidation range to test it as support.
Overall I really like this name and think that Papa Johns has a great plan for long term growth. This is a very limited short scalp looking to capitalize on cheap put option premiums.
- PennyBag
Chart shows an apparent exit from the month-long sideways trendShow Me the Money! 1 July, 2020, by Vladimir Rojankovski, Chief Analyst, Grand Capital
Papa John's second-quarter comparable sales at worldwide pizza restaurants were up 22.6%. At North America franchised restaurants, the figure was up almost 30%.
The pizza making company boasted that almost all traditional restaurants in North America remain open and fully operational. A number of its non-traditional restaurants located in universities and stadiums are temporarily closed. About 225 of its about 2,100 international franchised stores remain temporarily closed, mostly in Europe and Latin America, in accordance with government policies.
This is a very good news for the fast food company as many of its rivals struggle to stay open amid COVID-19 restrictions, which means Papa John’s is likely taking their market niches. Papa John’s stock climbed 1.25% yesterday, and its technical chart shows an apparent exit from the month-long sideways trend.
Papa Johns PZZA and Nvidia NVDA correlationwould have never guessed until i saw it, but maybe it kind of makes sense .. ? buddy and I had a little debate over which one was is the future. i said NVDA , he said PZZA . maybe we are both right :)
PZZA for a shortPZZA has short potential a lot of resistance overheard in the form of the moving averages and the pivot levels, while its got room to come down the candle before that is a long green candle
Can we get the 46-43 bounce?I did predicted the crash of PAPA JOHNS...
When the fucking people get greedy they should be fucked!
My prediction on Twitter:
twitter.com
Breakout for Papa Johns?NASDAQ:PZZA is attempting breakout from triangle pattern. With potential double bottom, it may lead to nice rally for the few months to come, with targets ranging from 60 to 75$. Aggresive stop @ ~48.5 should hold if the breakout is for real.
Sorry PapaPapa gonna take it in the shorts. I forgot about this guy and this company until I saw his recent interview.
-Good R:R
-At important fib levels and historical resistance
-I'm bearish on restaurants anyway due to slowing growth so this lines up with my forecast of this sector
-I don't see a lot of demand for Papa's and if it sells of I wouldn't expect a lot of support until major areas of value.
**Trade responsibly, manage risk, do your own research
PAPA JOHNS PIZZA 1D DESCENDING TRIANGLE SHORT TRADERanges, Descending Triangles, Triangles, & Ascending Triangle are repeatable trading chart patterns.
Triangles and ranges are consolidation chart patterns that can breakout either direction.
Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart ).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending volume bars and descending atr line (which indicates volatility ) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size.
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
Insider Selling + Perfect Head and Shoulders - Target $41.27A downward neckline Head and Shoulders is one of the highest probability reversal patterns that exist. As 90% of the daily volume follows the rules of patterns such as this it is important to recognize when these are occurring. There is also considerable insider selling to further increase the probability of this setup.
Looking good and holding puts on this baby!
1D PAPA JOHN'S RANGE TRADEPapa John's added Shaq O'Neal to their Board of Directors
This had some positive bullish strength to stock
Price began to fall and created 1st high for range
Company announced their adding to their menu "Organic Veggies"
But Price continued to fall
Price found support and retested the range top
Price broke out of top range with strong volume support but breakout failed
Price returned to range and fell to retest range bottom
Bias is Bearish range breakout because of failed bullish breakout
Watch for a Close below the range bottom w/ volume support
$PZZA BIG SHAQ ON THE OFFENCE FOR PAPA JOHNS The Papa Johns company has been on a damage limitation exercise for some time, during which they have been on the defensive against John Snhnatter which on the offensive with a new partnership with the legend SHAQ O'NEAL. Today's earnings report will tell us just how lucrative that partnership has been. Add to that the $200 million investment by Starboard and the appointment of 3 new board members, plus a partnership with delivery company Door Dash, expectations are high.
Company Description
Papa John's International, Inc. engages in the management and franchising pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising and International Operations. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, including breadsticks, cheese sticks, chicken poppers and wings, dessert items and canned or bottled beverages. The North America Commissaries segment comprises regional dough production, product distribution centers and sale & distribution of food & paper products to domestic company-owned and franchised restaurants. The North America Franchising segment focuses on the sales of franchise and development rights and collection of royalties from franchisees. The International Operations segment involves in the sales of franchise and development rights and the collection of royalties from international franchisees.
SHAQ STRATEGY APPLIED TO PAPA JOHN'SShaq O'Neal was appointed to the Board of Directors to Papa John's
Price has taken a sharp rise
Let's see if the strategy for Papa John's works
