DPZ - Pizza Anyone?

NYSE:DPZ   Domino's Pizza Inc
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WEEKLY: Right Chart
DPZ is overall bullish trading inside the blue rising broadening wedge, and now approaching the lower blue trendline so we will be looking for trend-following buy setups on lower timeframes.

DAILY: Left Chart
DPZ is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing.

Trigger => Waiting for that swing high to form and then buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, DPZ would be overall bearish can still trade lower.

Good luck!

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This analysis is done using RichTL

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