(DPZ) Domino's Pizza Stock Price - Fluctuations

Mixed signals from Italian confidence indicators in May | ING Economics

WEEKLY: Right Chart

DPZ – Pizza Anyone! - 1

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

Mixed signals from Italian confidence indicators in May | ING Economics

Richard Nasr

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