#Dominos Pizza #GOLD #NASDAQ For a company who’s business model appears based on delivering what is essentially Toast & Cheese with an Italian accent, the share price has proven fairly resilient since 2017. Unfortunately, it’s now at risk of a painful wake up call.
The immediate situation suggests weakness below 274p should challenge (and hopefully bounce meaningfully at) 254p. As the chart highlights, such a movement takes the price into proximity of the RED uptrend since 2008. Similar to the thought of eating pizza**, this is quite a scary proposition.
We’ve a massive problem if the price actually closes below 254p and breaks this uptrend. Essentially it allows further weakness to 214p initially with secondary calculating at a probable bottom of 132p. Despite presenting the risk of the price halving in value, a bottom of 132p rather neatly matches the lows of 2010 and 2011, indicate a good chance of a serious bounce should such a ridiculous sounding drop target appear.
To escape the immediate drop risk, the share price requires exceed 315p on the chart, taking the share into a region with an initial target calculating at 341p. If exceeded, secondary is at 354p.
For now, we’re more than a little concerned with this and suggest it worth keeping an eye on, just in case 132p does make an appearance.
**The writer has Coeliac disease, demanding a gluten free diet.
Time Issued |
Market |
Price At Issue |
Short Entry |
Fast Exit |
Slow Exit |
Stop |
Long Entry |
Fast Exit |
Slow Exit |
Stop |
Prior |
|
10:01:01PM |
BRENT |
77.66 |
Shambles |
|||||||||
10:04:09PM |
GOLD |
1202.7 |
1193 |
1190.5 |
1186 |
1204 |
1212.5 |
1221.5 |
1242 |
1194 |
||
10:06:02PM |
FTSE |
7265.38 |
‘cess |
|||||||||
10:21:42PM |
FRANCE |
5330 |
‘cess |
|||||||||
10:23:34PM |
GERMANY |
12063 |
‘cess |
|||||||||
10:25:22PM |
US500 |
2890.98 |
‘cess |
|||||||||
10:27:32PM |
DOW |
26077.9 |
||||||||||
10:29:57PM |
NASDAQ |
7437.8 |
7426 |
7359 |
7281 |
7493 |
7506 |
7523.5 |
7556 |
7451 |
Success |
|
10:32:36PM |
JAPAN |
23193 |
‘cess |
17/09/2018 FTSE Closed at 7302 points. Change of -0.03%. Total value traded through LSE was: £ 6,928,775,046 a change of -9.93%
14/09/2018 FTSE Closed at 7304 points. Change of 0.32%. Total value traded through LSE was: £ 7,692,584,165 a change of -0.13%
13/09/2018 FTSE Closed at 7281 points. Change of -0.44%. Total value traded through LSE was: £ 7,702,800,654 a change of -12.29%
12/09/2018 FTSE Closed at 7313 points. Change of 0.55%. Total value traded through LSE was: £ 8,782,533,108 a change of 9.2%
11/09/2018 FTSE Closed at 7273 points. Change of -0.08%. Total value traded through LSE was: £ 8,042,792,002 a change of -0.09%
10/09/2018 FTSE Closed at 7279 points. Change of 0.03%. Total value traded through LSE was: £ 8,050,026,757 a change of -26.36%
7/09/2018 FTSE Closed at 7277 points. Change of -0.56%. Total value traded through LSE was: £ 10,931,787,277 a change of 12.39%
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