Dominos to $295Dominos broke a symmetrical triangle on the weekly and I expect it to go to $295.
Not financial advice, good luck to all :)
DPZ trade ideas
Long or short DPZA stock that reflects folk food. Should reflect the state of the population. recently reported reasonable results but stated a decrease in revenue in stores and also that "people eat/make pizza at home"....
Technically reached a significant level of 300. The scenarios: A. Rape can occur upwards to the downward trend line and examine it. b. If you break it. Next key levels 263 and next 216
The Two Scenario's Of Domino's PizzaMy last two posts were about the SPX and AMD and their falling channels, which are my favorite patterns to trade.
They follow an easy concept: They stay in their channels, untill they go sideways on an important support level, preferibly on a bullish rsi on the daily or weekly chart. I spotted one on the DPZ weekly chart, so I had to make a post about it.
I can see two likely scenario's for this stock, both of which, are going down. The only difference is where they decide to go sideways.
The first scenario is indicated by the green arrow. The support zone is at 175-300usd. The second one, which is indicated by the orange arrow, finds its support at 220-240.
November Gainers (DPZ, account up 0.5%)1st gainer in November is NYSE:DPZ . Holding period is 29 days (10/4/22-11/2/22). Account up 0.5%.
This month till today, my account is up 0.5%, average holding period is 29 days.
My trading method is mostly short term and is independent of market swings.
Will keep updating on my trades.
It is Pizza Time! #DPZ #TheStratHello dear Traders,
Here is my idea for #DPZ
Price closed above yellow line (previous month high)
Price closed (15min Chart) above purple trigger line to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
Are you buying Domino Pizza?The weekly chart shows the price has just broke down from the bullish trend which has been ongoing for many years. Look at the resistance at 296 level from Jun 2018 to Dec 2019. Now the price is revisiting this level and I believe is likely to break down further to 240 price level........
This can be a short term short trade for those who are keen. Please DYODD.
Possible Parabolic Arc/Earnings 10-13 BMOATH 567.57
ATL 2.61
Very steep rise that is better seen on a monthly chart.
Most Arcs fall an average of 50 to 79%. Some fall more/some fall less
Short for the longer term.
No recommendation//Short interest is around 4%
Head and Shoulders pattern on the weekly chartThere is a huge "Head and Shoulders" pattern on the weekly chart.
The pattern is bearish in itself, but less so when some other facts are taken into account.
RSI is oversold on the daily chart and almost on the weekly chart.
It means that downward space is limited.
A downward breakout would result in a false breakout.
In addition, there was a huge volume pullback on Friday.
There is a chance for a short-term upward correction.
If you play the pattern, I would rather wait and see how the exchange rate reacts to the daily Pivot points.
Moreover, overall market sentiment must remain bearish for the pattern to play out.
Support: 319.88, 288.83, 235.95
Resistance: 340.36, 356.4, 400.29
DPZ - trade setupI like this head and shoulders on the monthly chart here.. If we break the shoulders the nearest support is the 100MA on the monthly. This could be fast with the market or over a few months so go out a few on the options..
Can Dominos survive the Downtrend? Sign of Bearish Trend
- Candlesticks moving below MA200 , possible challenge MA200 soon.
- If we take a look at ichimoku indicator, candlesticks moving back into the cloud & lagging span moving at similar level as candlesticks(failing to establish bullish revesral)
-Downtrend line B which form Lower low (LL2) has reach expectation of 1:1 of Line A, with a lower downtrend momentum (mixed)
Some Signs of reversal
-Candlestick moved above cloud for short period of time since the Top of 56X.
-Retracement line R2 retrace approximately 0.75fib of Line B, much stronger than retracement R1.
Expectations:
-Downtrend will continue after mini double top being formed and breached
- However Downtrend line C might not be able to meet 1:1 downtrend expectation of line C due to more signs of reversal such as stronger retracement R2>R1.
-Price level 370-390 will be interesting to watched:range where most tradings occur for the past 800 bars/days.
$DPZ with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $DPZ after a Positive over reaction following its earnings release placing the stock in drift B.
$DPZ September Bull Risk Reversal Today a trader opened a bull risk reversal on Domino's Pizza buying over 700 SEP $400 calls and selling the $300 put.
This is a very bullish trade and not too far out , indicating a potential move up to $400 in the near term.
Technically, DPZ has a bullish EMA cross and curl on the daily, with a weekly MACD bull cross forming as well.
Trading at $377 now, I think $400 will be a magnet psych level. The stock in the past tends to "gravitate" towards this number and it also coincides nicely with the weekly 21ema
A close below the 21day EMA will invalidate the trade.
$DPZ with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $DPZ after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 83.33%.
DPZ - Trade SetupVery nice strong support that could be broken here. If we break this support I see this going to the 50ema on Monthly chart. This would be a great little trade. Again, news on the war, oil and inflation can make any trade tuff today. We have seen some whipsaw movement. One to put on your Alert for sure.
Earnings watch todayEarnings watch today 4/28:
pre market
TWTR
DPZ
CAT
MCD
MA
post market
ROKU
INTC
HOOD
SWN
X
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
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$DPZ short ideaJust in line with the market $SPY $ES_F a short setup here. Chart looks really weak, indexes look weak, so going for it with a good r/r.
Similar companies got some moves $PZZA $YUM $CMG but this one not even that, so someone might say that it is time for a pump -- well I'm betting the opposite, puke.
$DPZ with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $DPZ after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 57.14%.
DPZ - something we must to watchTA view:
- Double Hammer at support potential price reversal to the upside
- Is it bottom of downtrend?
Earnings:
-Domino's First Quarter 2022 Earnings; Thursday, April 28
DPZ - Pizza Anyone?Hello everyone, if you like the idea, do not forget to support with a like and follow.
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!
All Strategies Are Good; If Managed Properly!
~Rich
Buy Domino's 🍕???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.
