PZZA - Repeating Cup and Handle Cups in Orange
Handles in Green
Similar top points indicated with red hammer emoji
We are currently about to experience the second handle phase
PP1 trade ideas
Papa Johns: A wildly overvalued stockHello friends. My parents ordered Papa John's pizza, so I decided to follow my instincts and have a look at their stock. I was horrified with what I saw. Their stock trades at 32 P/E FWD, and is expected to grow far more slowly than it's sector. To add insult to injury, the pizza wasn't even all that good. If I'm being honest, I like Pizza Hut's better. But Papa John's was on sale, so it is what it is.
Anyway, we are expecting that this abysmal stock will likely rally right into our trap before sending the bulls straight into the meat grinder. We will be waiting to short if the prices pop up to our target, which is shown on the chart at $98.48
Thanks for playing.
PZZA Nearing Channel TopPZZA Is nearing the top of a long term channel
Similar points in yellow, which follow with a run up, then to a rejection. In this case will be at the top of the long term channel.
$PZZA outlookLong term bullish either way, but looking at these two scenarios to play out end of q4 / beginning of q1 '22
$PZZA Breakout after double cup consolidation$PZZA Breakout after double cup consolidation lasting for 37 weeks.
Nice sign of accumulation with pocket pivots all along the consolidation journey.
Last earning results were amazing. $DPZ (same industry) reported today and had a big jump.
Let's see if it can follow through.
PZZA: Breakout Confirmed, 16.22% Potential Profit!Description: PZZA is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $95.1 - $98
2. Take profit: $111.32
3. Stop Loss: $92.9
4. Risk To Reward: 1 / 5
5. Accuracy Rating: 92%
PZZA - Gap Fill + Reopening PlayPZZA - Gap fill play. Retail been seeing some action, and with US being 20%+ vaccinated and California expected to fully reopen by June, I think restaurants and pizza (parties), can see some tail wind. Don't enter unless trigger hits, but once it does, we should sail thru gap pretty nicely.
PZZA - Gap Fill + Reopening PlayWith 20%+ of the US population vaccinated, and California planning to reopen fully by June, I am expecting retail + restaurants to start picking up steam. PZZA has a nice juicy gap right over head. Take calls around 2-3 weeks out to play it safer. Once trigger hits, gap fill begins.
Papa Johns $PZZA made a good rebound from key support levelIt appears that the uptrend for NASDAQ:PZZA is still strong as it rebounded form a very good support at $85. This zone converges with 4 support signals; previous high, uptrend line, 20 day MA and 50 day MA. This could be a really good buy signal also because the price made a breakout from a pennant pattern with good buying volume. I already hold some in my portfolio so now I have really good Dollar Cost Average with this stock. Now as you can see, the $100 zone is a strong resistance, so it looks like it will make a classic cup and handle patter. Lets see how it plays out.
$PZZA$PZZA
This doesn’t seem to follow these wave theory rules unless I am missing something, so hoping to learn more; but here is my argument:
- Playing the bounce off the price channel support and the 200SMA.
- 30 day chart has the 50sma crossing the 200 and 100sma trending the same. Once those cross I am fully bullish.
- If the pennant formation holds the sma’s should cross very soon.
- 180 day chart SMA is trending the same but not there yet.
- 6 month chart is forming the back side of a cup.
- RSI indicating oversold
Let’s see what happens!
"I'm not an expert but I watch a lot of youtube videos."
NASDAQ:PZZA
PZZA Swing Trade Long - Attempting to Expand Current RangeNASDAQ:PZZA took the 10day outside-inside-up (the 3-1-2 Chicago #TheStrat) showing it's attempting to expand the range.
Been stuck there awhile.
Time to squeeze the shorts and take it back to the triple digits.
Entry was $83.65 (10day up)
Stop $71.61 (could be managed tighter at $83.16 or trailing with a PSAR on a suitable timeframe but letting this swing with smaller position)
Target $102.25+
PZZA LONG Good R:R ~ 13Another good R:R entry. Stop is super tight and given the reward potential could be loosened up a bit.
PZZA an excellent Long going into this turbulent timeA great choice for a long position ahead of earnings. $25 down from highs. Nice hammer candle-stick on Friday. Short term target is $84 ahead of earnings.
PZZA
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.
