Stochastic cooperating as price rejects double top resistance. Target .886 harmonic fib.
DPZ has been doing great before the August correction. It's since then consolidated pretty aggressively. -Stoch crossover, RSI on the up n' up, and MACD might crossover as well. -Confirmed with a MACD crossover and push above the 50 day MA. Rejected if the stock dips anymore beneath the 50DMA.
DPZ has been doing amazing since 2009 and has no reason to slow down its solid strategy. It's taken YUM (parents of Pizza Hut) by storm and is reclaiming the Pizza market in the U.S. and now moving into Japan. I know this mix between fundamentals and technicals is not the norm on TradingView but warrants a mention. All economic macro variables aside, look for DPZ...
follow up chart of a previous post , pinbar off support paid off
Long setup i posted friday showing pinbar rejecting horizonal and 50 day ema
long setup. Pinbar candle off S/R level and 50 day EMA , stops under $49