DMP trade ideas
DOMINOS - Short position - reversal at key resistance levelASX:DMP
- DMP has made a large upward move
- Has hit and double topped on a key level of 37.15
- Last 5th leg on the elliot wave on the 1hr chart
- Expecting price reversion to hit 0.5fib, and extend down all the way towards retesting trend line.
DOMINOS PIZZA ASXLooking like major bottom is in
reversal pattern
divergence on OBV and RSI
Crossing major resistance flip and retest to support
2 major gaps to fill
confirmed uptrend
DMP- bullish reversalDMP is forming bullish divergence with double bottom. it may reverse from its current bearish trend to bullish trend.
ASX:DMP - Dominos 🍕 retrace to EMA21 Nice entry point? Hi folk, I am sharing my four analysis to DMP , unfortunately ,other charts were removed by Tradingview due to some violation from my side
However, this video analysis will help to analysis the stock chart
Love to hear in comments box below
Disc: No buy or sell recon, DYOR, Invested in very lower level, added another trance with strict Monthly closing basis Stop loss rule
$DMP Dominoes PizzaDominoes Pizza deviated the 2022 yearly all time low and back within trading trading range
Looking for Target 1. will reevaluate if we get there if it hold next target is target 2 Mid range marked on chart.
news
"Domino's added that it aims to transition to deliveries through Uber Eats in 27 international markets this year, including in the UK, Canada and Australia."
ASX DMP Trade Analysis📈 ASX DMP Trade Analysis 📊
🎯 Buy Zone: $51.00 - $53.34
🛑 Stop Loss: $50.99
💰 Take Profit 1: $59.99
💰 Take Profit 2: $62.26
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DMP looking for longwill monitor... bias down here for bullish price action and dynamics between bull and bears
What goes up comes downI am just not sure what has caused this extraordinary price drop, when apparently it was looking like it was just recovering from down trend - if anyone knows please comment .
May be it’s just natural price correction in market, looking at today’s price action, buyers were able to take it up in first two hours up to $125.84, till that time it’s was all buyers hardly any sellers but later it’s was all sellers and price couldn’t hold and closed below opening price altogether 18.40% down.
If this is just some weird correction without any fundamentals changing, then I think price should come down to round $105 range.
Keeping a watch on this stock, leaving my notes here for community discussion.
Please note it’s not a trading advise by any means, please do your own research.
Australia's Dominos Blasted -24% On Earnings. Overreaction?Domino's Pizza Enterprises Ltd.'s stock in Sydney dropped 24%, its biggest decline ever, after reporting a 21% drop in first-half earnings as customers resisted price hikes implemented to offset inflationary pressures. The company stated that the increase in prices hurt customer counts, especially in Europe and Asia.
From personal experience I can confirm. I'd order Dominos weekly because they were about half the price of my local Pizza guy. After the price changes there isn't much difference, so my local dude is getting a lot more of my orders each week.
Still, seems like a big over reaction and the last few times the RSI is this low there has been between a 15% to 30% recovery. The big gap down will also draw some attention and look to get filled.
Might be some coin in a short term trade at least for anyone interested.
Worth a look.
DMP - ASX - Dominoes PizzaPE Ratio at 34X atm
Historically mid to high teens has been the lows on a PE basis.
Quite alot of debt so have tacked on a large MOS.
$35 wild environment to be investing in!
DMP.ASX_Bearish Breakout Trade_ShortENTRY: 75.45
SL: 82.29
TP1: 70.60
TP2: 66.31
- ADX>25
- Daily RS -ve
- Daily FFI -ve
- Weekly RS -ve
- Weekly FFI -ve
- Moving averages are aligned.
- Breakdown on 23 Feb 2022 and in range contraction since then.
- Entry based on today breakdown from range, >3% rebound off 10EMA and down-trendline with volume
DMP entering monthly demand zoneGood level of interest if / when price structure builds will monitor region.
ASX:DMP - Stage 4 uptrend started- dominosStage 4 of growth has just started....?
History tells us that....
Domino's Pizza Enterprises Limited (DMP) is engaged in the operation of retail food outlets and franchise service. The Company holds the exclusive master franchise rights for the Domino's brand and network in Australia, New Zealand, France, Belgium, the Netherlands, Japan and the Principality of Monaco. The Domino's brand is owned by Domino's Pizza, Inc. which operates within the Quick Service Restaurant (QSR) pizza segment of the fast food market in Australia and New Zealand.
Dominos Australia looking interesting.Spotted this idea from @CompoundingCentral
Looks like it is recovering nicely after a recent pullback. The supporting indicators look like they might be starting to turn bullish as well.
I wonder though if now that a lot of Australia is opening back up including restaurants etc if that might take some of the attraction back off Dominos.
Could be worth a look.
DMP @ 4 NOV 2021Text me if you have any questions/comments for me.
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DMP
- Previous analysis was done on 12 Oct (red arrow) -> Suggested waiting for a series of HHs and HLs due to Structure Break
- Since then, it tested $132 levels as a support before trying to break the short- and mid-term resistances
- Today’s huge gap down to the strong support at $115 levels proves that the Structure broke in early Oct
- Trend Followers buy stocks that are in an uptrend and DMP hasn’t been up-trending for a few weeks
- Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs
1. Using the Fibonacci tool - The easy way.This instructional vidio shows you how to use the Fib tool on impulse waves 1-2-3.. Generally Wave 3 is the longest wave . I have changed the settings on the TV fib tool to make it clearer . You can also use the Extension tool as well by clicking once on the bottom of wave 1, once at the top of wave 1 and finally at the bottom of wave 2 to find targets.
Generally you could place limit buy orders ( in an uptrend) in the 'golden Zone' or wait for volume activity from whales .... Choice is yours and much of that decision depends , particularly on stocks, market conditions and A bit of thought.
Obviously with the gov lockdowns, people would much prefer to pay 5 dollars for a pizza at home than risk a 1,500 fine for eating out..... That will continue until people start pushing back on these tyrants .In the mean time Dominos thinks it's great for business.... F... 24 Karat Aussie signing off... Stay tune for more instruction vids .
DMP @ 12 OCT 2021Text me if you have any questions/comments for me.
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DMP
- Previous analysis was done on 17 Sep (red arrow) -> Suggest waiting for a successful rebound at $164 levels before plotting entry
- Since then, the stock failed to reach those levels but instead created a Lower High and has fallen below the mid-term support
- Stock has experienced a Structure Break in early October
- Strategy-to-buy (DYOR) – Suggest waiting for a series of HHs and HLs
DMP @ 17 SEP 2021Text me if you have any questions/comments for me.
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DMP
- First time doing a written analysis on DMP
- Stock has history of uptrends that usually end with strong price increases (blue arrows) that is followed by the stock falling below the mid-term support (red arrows)
- Since early Aug 2021, the stock price has risen more than 40% with almost no good setup for entries
- Today, it gapped down to test the short-term support and recovered with above average volume -> good sign
- A successful rebound would be around 164 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry
DMP Time for profits!Been in this since 2019,reasoning is Technical analysis for LTF chart and current price action and structure tells when my "risk on" phase is nearing. So l head to sidelines.. Sure price could still go higher it won't bother me, Happy trading Perma
DMP Long after breaking multi year high from a base patternEntry: 88.87
Stop loss: 83.35
Nice break out of a rounding pattern with higher than average volume to create a new multi year high. Moving averages are in order.
$DMP:ASX - DOMINOS PIZZA - Steady 100% gain over 12 monthsDominos has had a pretty good run over the last year and with places starting to get locked down again, I could see its run continuing for a while. Worth a watch.
