Papa Johns $PZZA made a good rebound from key support level
It appears that the uptrend for
PZZA
is still strong as it rebounded form a very good support at $85. This zone converges with 4 support signals; previous high, uptrend line, 20 day MA and 50 day MA. This could be a really good buy signal also because the price made a breakout from a pennant pattern with good buying volume. I already hold some in my portfolio so now I have really good Dollar Cost Average with this stock. Now as you can see, the $100 zone is a strong resistance, so it looks like it will make a classic cup and handle patter. Lets see how it plays out.
PZZA
is still strong as it rebounded form a very good support at $85. This zone converges with 4 support signals; previous high, uptrend line, 20 day MA and 50 day MA. This could be a really good buy signal also because the price made a breakout from a pennant pattern with good buying volume. I already hold some in my portfolio so now I have really good Dollar Cost Average with this stock. Now as you can see, the $100 zone is a strong resistance, so it looks like it will make a classic cup and handle patter. Lets see how it plays out.
Trade active:
Still Holding $PZZA with profit secured