DPZ trade ideas
DPZ: Double Top Short SetupStochastic cooperating as price rejects double top resistance. Target .886 harmonic fib.
DPZ consolidation to some growth?DPZ has been doing great before the August correction. It's since then consolidated pretty aggressively.
-Stoch crossover, RSI on the up n' up, and MACD might crossover as well.
-Confirmed with a MACD crossover and push above the 50 day MA. Rejected if the stock dips anymore beneath the 50DMA.
DPZ stabilization and continued growthDPZ has been doing amazing since 2009 and has no reason to slow down its solid strategy. It's taken YUM (parents of Pizza Hut) by storm and is reclaiming the Pizza market in the U.S. and now moving into Japan. I know this mix between fundamentals and technicals is not the norm on TradingView but warrants a mention. All economic macro variables aside, look for DPZ to stabilize as it's done in the past and take off for the high $60s.
Going in long once we hit the stabilization mode.
