Long term trend line and ultimate bottom trend. Ascending wedge pattern still being respected.
Short term bull, medium term bear (correction), followed by continued up movement along trend
Playing out a similar pattern to February (same trend), running into resistance at 1615. Compound this with RSI divergance (lower highs), I expect a fall off to 1450 where support may allow a further fall to 1350
We are climbing up the right shoulder of AMZN which I believe will coincide with a peak at earnings - we have seen runs into earnings in the past several earnings announcements.
I believe AMZN is generally overbought and will return to its 2+ year trendline after earnings (return to 1200 after earnings).
DPZ has been trading around a channel that originated in 2016 when current (soon-retiring) CEO Patrick Doyle really revamped Domino's offering and transformed the company into a growth stock. We've seen these parallel lines alternate as support and resistance as the stock moves around it. Though we do see extended divergences from these channels, the price seems...
