Descending TriangleNeutral until broken.
Price is at the resistance line.
Overbought with RSI on 70. Mine is set on 80.
No recommendation.
0A7E trade ideas
Dimonos Pizza's Bullish DivergenceA couple of months ago, I posted an analysis of Domino's Pizza. At that moment, a double bottom was formed. At this moment, a slightly lower low was formed, creating a bullish divergence on the weekly rsi. We also spoke about the buy singal on the Fetch Buy And Hold Indicator , which was the first one since 2008
I was also talking about a sideways period for the stock. I would love to see it happen around these prices. This would cause Dominos Pizza to go sideways at the horizontal support level, while staying above the two support trend lines of the channel.
Basically, the stock is seeing two bullish signals on the weekly chart, at a great discount.
DPZ long term buying location100 sma on the monthly chart has never been hit on DPZ
It's at $275, so if you want some long term shares, that would be a pretty saucy spot ;-)
DPZ - Falling Trend Channel [MID TERM]- DPZ is in a falling trend channel in the medium long term.
- DPZ has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- DPZ has broken up through resistance at 326.
- In case of negative reactions, there will now be support at 326.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
Dimonos Pizza's Amazing ChartWhat is so amazing about a chart that fell roughly 50% in 1 year?
What we're seeing right now is a textbook falling channel structure. In general a falling channel consists of 1 resistance line and 1 support line in which the price oscilates between.
There are 4 lines on my chart. I'd like to add an extra support and resistance line in order to create more clarity for short term trading. This basically creates a channel within a channel.
One other property of the channel is that the price oscilates down until it hits an important support. At that point the price goes sideways untill it breaks out of the channel.
Now intrestingly enough, DPZ created a double bottom. That double bottom fell at the support of the inner channel. This means that the last support hasn't been touched, indicating a new sideways period.
Lastly, the FETCH Buy And Hold Indicator fired off a buy singal at the first bottom. This is the first buy signal since the bottom of 2008.
Fore more information about the indicator, visit this page.
Pizza for 20 to 90%If a pizza makes you happy, the pizzeria will make you rich. the chart explains by itself. 18% short term, long term 90%
DPZ earnings 10/13 @ 7:30amDPZ Q3 2022 earnings are on 10/13 at 7:30am. Domino's Pizza (DPZ) reported Q2 June 2022 earnings of $2.82 per share on revenue of $1.1 billion. The consensus earnings estimate was $2.88 per share on revenue of $1.1 billion. Revenue grew 3.2% on a year-over-year basis.
Q3 September 2022 Consensus:
EPS = $2.96
Revenue = $1.07B
52wk high = 567.57
52wk low = 300.63
SMA50 = 370.09
SMA100 = 374.74
SMA150 = 377.52
SMA200 = 401.04
R3 = 385.87
R2 = 369.09
R1 = 352.31
pivot = 335.54
S1 = 318.76
S2 = 301.98
S3 = 285.21
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
Now is the TIME! if you wanted to buy Domino's now is the TIME!
Currently trading at 52-week's low, extremely oversold on RSI (28), every time it goes oversold stock goes up around $20 up, and if overbought reverse! Finally showing us signs of recovery, usually when the market is going to but the stock moves up means there will be big upside potential, especially when the market recovers. You might want to check the SPY chart, SPY is due to short-term recovery thus chances are high that DPZ to move up about 10% in the upcoming days.
Take a profit around $320 level.
Dominos to $295Dominos broke a symmetrical triangle on the weekly and I expect it to go to $295.
Not financial advice, good luck to all :)
Long or short DPZA stock that reflects folk food. Should reflect the state of the population. recently reported reasonable results but stated a decrease in revenue in stores and also that "people eat/make pizza at home"....
Technically reached a significant level of 300. The scenarios: A. Rape can occur upwards to the downward trend line and examine it. b. If you break it. Next key levels 263 and next 216
The Two Scenario's Of Domino's PizzaMy last two posts were about the SPX and AMD and their falling channels, which are my favorite patterns to trade.
They follow an easy concept: They stay in their channels, untill they go sideways on an important support level, preferibly on a bullish rsi on the daily or weekly chart. I spotted one on the DPZ weekly chart, so I had to make a post about it.
I can see two likely scenario's for this stock, both of which, are going down. The only difference is where they decide to go sideways.
The first scenario is indicated by the green arrow. The support zone is at 175-300usd. The second one, which is indicated by the orange arrow, finds its support at 220-240.
November Gainers (DPZ, account up 0.5%)1st gainer in November is NYSE:DPZ . Holding period is 29 days (10/4/22-11/2/22). Account up 0.5%.
This month till today, my account is up 0.5%, average holding period is 29 days.
My trading method is mostly short term and is independent of market swings.
Will keep updating on my trades.
It is Pizza Time! #DPZ #TheStratHello dear Traders,
Here is my idea for #DPZ
Price closed above yellow line (previous month high)
Price closed (15min Chart) above purple trigger line to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
Are you buying Domino Pizza?The weekly chart shows the price has just broke down from the bullish trend which has been ongoing for many years. Look at the resistance at 296 level from Jun 2018 to Dec 2019. Now the price is revisiting this level and I believe is likely to break down further to 240 price level........
This can be a short term short trade for those who are keen. Please DYODD.
Possible Parabolic Arc/Earnings 10-13 BMOATH 567.57
ATL 2.61
Very steep rise that is better seen on a monthly chart.
Most Arcs fall an average of 50 to 79%. Some fall more/some fall less
Short for the longer term.
No recommendation//Short interest is around 4%
Head and Shoulders pattern on the weekly chartThere is a huge "Head and Shoulders" pattern on the weekly chart.
The pattern is bearish in itself, but less so when some other facts are taken into account.
RSI is oversold on the daily chart and almost on the weekly chart.
It means that downward space is limited.
A downward breakout would result in a false breakout.
In addition, there was a huge volume pullback on Friday.
There is a chance for a short-term upward correction.
If you play the pattern, I would rather wait and see how the exchange rate reacts to the daily Pivot points.
Moreover, overall market sentiment must remain bearish for the pattern to play out.
Support: 319.88, 288.83, 235.95
Resistance: 340.36, 356.4, 400.29
DPZ - trade setupI like this head and shoulders on the monthly chart here.. If we break the shoulders the nearest support is the 100MA on the monthly. This could be fast with the market or over a few months so go out a few on the options..
Can Dominos survive the Downtrend? Sign of Bearish Trend
- Candlesticks moving below MA200 , possible challenge MA200 soon.
- If we take a look at ichimoku indicator, candlesticks moving back into the cloud & lagging span moving at similar level as candlesticks(failing to establish bullish revesral)
-Downtrend line B which form Lower low (LL2) has reach expectation of 1:1 of Line A, with a lower downtrend momentum (mixed)
Some Signs of reversal
-Candlestick moved above cloud for short period of time since the Top of 56X.
-Retracement line R2 retrace approximately 0.75fib of Line B, much stronger than retracement R1.
Expectations:
-Downtrend will continue after mini double top being formed and breached
- However Downtrend line C might not be able to meet 1:1 downtrend expectation of line C due to more signs of reversal such as stronger retracement R2>R1.
-Price level 370-390 will be interesting to watched:range where most tradings occur for the past 800 bars/days.
$DPZ with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $DPZ after a Positive over reaction following its earnings release placing the stock in drift B.
$DPZ September Bull Risk Reversal Today a trader opened a bull risk reversal on Domino's Pizza buying over 700 SEP $400 calls and selling the $300 put.
This is a very bullish trade and not too far out , indicating a potential move up to $400 in the near term.
Technically, DPZ has a bullish EMA cross and curl on the daily, with a weekly MACD bull cross forming as well.
Trading at $377 now, I think $400 will be a magnet psych level. The stock in the past tends to "gravitate" towards this number and it also coincides nicely with the weekly 21ema
A close below the 21day EMA will invalidate the trade.
$DPZ with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $DPZ after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 83.33%.
