baeck

SHORT: DPZ Rising Wedge into 1Q 2018

Short
baeck Updated   
NYSE:DPZ   Domino's Pizza Inc
DPZ has declining business fundamentals and sees a rising wedge set-up, which is bearish, coming down from a higher level. We'll see one of two potential price targets to the downside coming out of the wedge (see chart), based upon previous levels of support.
Comment:
Looking for the break-down just after the New Year, with the first target mid-January and the lower target early February.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.