1D PAPA JOHN'S RANGE TRADE
Papa John's added Shaq O'Neal to their Board of Directors
This had some positive bullish strength to stock
Price began to fall and created 1st high for range
Company announced their adding to their menu "Organic Veggies"
But Price continued to fall
Price found support and retested the range top
Price broke out of top range with strong volume support but breakout failed
Price returned to range and fell to retest range bottom
Bias is Bearish range breakout because of failed bullish breakout
Watch for a Close below the range bottom w/ volume support
This had some positive bullish strength to stock
Price began to fall and created 1st high for range
Company announced their adding to their menu "Organic Veggies"
But Price continued to fall
Price found support and retested the range top
Price broke out of top range with strong volume support but breakout failed
Price returned to range and fell to retest range bottom
Bias is Bearish range breakout because of failed bullish breakout
Watch for a Close below the range bottom w/ volume support
Note
Looks like a bearish range bottom breakout
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.