Domino's Pizza (DPZ) hit an all time high today $561.92, for no apparent reason I can find. The average daily volume for this stock is only around 400k, so this was a very curious move today. Anyways, it looks like a fake breakout because piRSI was showing overbought in the morning, then piRSI printed a bearish cross at 1:30pm today and the price action followed it down soon afterwards. However, net volume on Fibonacci VIP, which is a faster indicator, dropped at 1:15pm and popped at 3:15pm. The setup here looks better for a short position, but for now I'm posting this as neutral until I see wassup tomorrow / this week.
EPS = $3.24
P/E = 41.5
52 week H = $561.92
52 week L = $319.71
Price levels 1hr chart:
SMA200 = $530.51
SMA150 = $531.04
SMA100 =$533.21
SMA50 =$536.08
Trend channel 1hr chart:
breakout = $571.90
R3 = $567.74
R2 = $563.57
R1 = $559.41
pivot = $555.24
S1 = $551.08
S2 = $546.91
S3 = $542.75
breakdown = $538.59
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
www.tradingview.com/u/growerik/
EPS = $3.24
P/E = 41.5
52 week H = $561.92
52 week L = $319.71
Price levels 1hr chart:
SMA200 = $530.51
SMA150 = $531.04
SMA100 =$533.21
SMA50 =$536.08
Trend channel 1hr chart:
breakout = $571.90
R3 = $567.74
R2 = $563.57
R1 = $559.41
pivot = $555.24
S1 = $551.08
S2 = $546.91
S3 = $542.75
breakdown = $538.59
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
www.tradingview.com/u/growerik/
Comment:
12/31 expiry Put/Call Open Interest ratio is 2.08
Comment:
Looks like yesterday was a blow off top, back to -$549 this week. I guess we'll find out exactly in a few more days.
Trading indicators:
www.tradingview.com/u/Options360/
www.tradingview.com/u/Options360/