$DPZ Dominos Overstuffed Crust - Short

Dominos has been testing the upper limits of the current ascending channel for a few days now. It's finally looking over-extended, overbought, and primed for reversal.

Notice the final push for another new ATH today with a bearish divergence in volume, RSI, and MFI. Definite rising wedge pattern into the upper channel limit (shooting star doji on the daily chart). Once the price breaks through the lower wedge line, I'm expecting a correction to at least the area of the 50d ema or ~$264. If the 50d doesn't hold as support I'm expecting sub-$260 by July.

On a fundamental note: Dominos just lost their CFO yesterday...never a good sign.

This analysis is an opinion and does not constitute investment advice.

노트

Just realized today is ex-dividend date as well. It all makes even more sense now.

Triple_Barrel_Capital

또한 다음에서도:

면책사항

해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.

Triple_Barrel_Capital

또한 다음에서도: