Entry: 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.
Dominos 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.
price slowing into potential stacked supply zones, technicals enticing crowds on board. big player profits have been underway for weeks, is Seller strength beginning to enter w1 mn close bars will help for more analysis.
Clear PA and chart structure pointing a buy signal - top down analysis yearly chart shows prior bar inside bullish pinbar - monthly and weekly showing clear candle formations, if price wanted to breach lower it already would've. Risk off phase, my unconventional meaning not market lingo. atm stalling price low at retest levels while LTFs showing buying...
Growth investors have stepped in over the last 2 years every time Domino's has disappointing at report time or had negative news regarding their buyback. I think we are going to find out very soon if growth investors patience has run to thin. from a technical point of view DMP looks a high probabilty of breaking to the downside. Furthermore, its hard to see a...
My idea is long and beyond the recent high. A gap has been created in the 4 hour time frame, which should be filled? they usually do with stocks, I don't know why, they just do. Stochastic and Fibonacci are showing good signs for a long trade.
ASX:DMP
The price bounced from support level.
RSI confirm upward movement from oversold territory.
MACD histogram supports an upward movement.
Profit target $ 44.69 and $49.50
