dpuleo19

Papa Johns $PZZA made a good rebound from key support level

Long
NASDAQ:PZZA   Papa John's International, Inc
It appears that the uptrend for NASDAQ: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

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