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p4917
Feb 20, 2022 6:48 PM

Buy Domino's 🍕??? Long

Domino's Pizza IncNYSE

Description

Technicals
  • We're now at the 38.2 % Fib retracement, which would be an excellent correction in a bullish trend.
  • We have been in the big picture for over ten years in a bullish trend. So the underlying trend may continue.
  • Concerning the last 15 years, we have a robust bullish seasonality in Domino's Pizza. From the 24th of Feb until the 12th of May, only one year returned with a negative result in the given period.
  • All other technicals are somewhat bearish.


Others? I think that even when the economy collapses - people will still eat pizza (and order them ;) ).

So I'm positioned long in this stock. It's a speculative position - I don't know if the correction was big enough; otherwise, we will see 395 or even 355 USD prices before it goes up again.

Trade closed manually

Okay, in the meantime, we've got WAR. Or the market believes we've got war. Or the war is going to proliferate the next time. So I personally closed nearly every trading/investing position. The only positions I hold (and buy more of) at the moment are the three Cs:

Commodities, Cash and Cryptos
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