This upper line of resistance is where its all breakdown or break out !!!
Two major targets here for PZZA as illustrated on the chart all else absolute ! Major trend line starting from 2012's low and the second one is Covid's low! Both are legitimate technical reversal points !!!
Since the IPO we have had many weekly divers as such on the chart, as of this week we stand at 22 weeks Our MAX weekly divers was 56 Zoon in and go back to see data on the chart !!
Hurst's Cyclic Theory: The basic tenant behind this theory is that markets achieve significant lows (or troughs) at the beginning (or end) of a cycle. Cycles have varying degrees based on wave length (in time) and are harmonized with the higher level cycles. - Blue is 4.5 starting the day of the IPO !!!
Not an expert on this, but these ratios seems to be talked about allot by financial experts when analyzing companies. In general they mean the ability of PZZA'S ability to pay its short/long term debits
According to different figures on line interest payments on debt for PZZA in 2024 will be above FWB:40M !!! Q4 could be $10M !!! $7M will be left on hand !!! Not a financial advisor/analyst but this thing is so low !!! Technically is bottoming Vs Fundamentally ( I do not know)
History will repeat it self ? A. Yes B. No On the other hand: "Berkshire Hathaway, added two new stocks to its equity portfolio: Pool Corporation and Domino's Pizza." Not Papa Johns !!!
- The relation between SPX and PZZA is at one of the lowest since the IPO !!! - Yes we could go lower - RSI and MACD suggest the is it $30ish is our trough land *** Or this is irrelevant and we crash to 20ish !!!
Monthly chart, all else absolute suggest that this is a trough lands !!!
Nothing to say here exept that these levels of RSI has not been seen since IPO of PZZA back in the day. This is troug lands or not and we go sub $30 hitting lower trend line !!!
Day of the IPO is day number one ! 3 different Hurst's cycles in alreay ! - The big question have we bottomed yet or we go high 20ish !!!
Only 4 time we have had such low signal or lower reading !!!
18.5 is a rare number to see. Only 8 since 2007, with 7 Down vs 1 up ! Will this rhythm, time will tell !!!
9 Years & 18 months. I choose the first largest three crashes as a base for cycles nothing more nothing less. WADDUP MARKET MAKERS, CAN YOU SHARE THE PROBABILITIES OF YOUR ALGOS ;-) . Blue adjusted for time = Action in June. Red and green = Action in July . It is like a puzzle. Waddup MMs share the knowledge.
THE stock to watch in the next few Days/weeks/months or so.! -Major support area starts @ $42.87 -Last line of defense is @ $28.55 -Range $42-$28 -Ever probable, applicable & all else absolute
Nothing to add here, we have a probability of a 9% Bullish move coming soon. Using one strategy is very dangerous thing to do.!
1/Still no "Touch down"@ support lines RSI & Price "Green lines) 2/@(-68%) only 2ed to July 2015@(-73%) 3/+45% after W get a trough, if we do not have it already.! 4/This analysis is basically wrong -Ever probable, applicable & else absolute