Commencez
PennyBagsCapital

The Topping to your Papa Johns $PZZA

Short
Papa John's International, Inc. (NASDAQ:PZZA)  
PennyBagsCapital  
NASDAQ:PZZA   Papa John's International, Inc.
Trend Analysis Technical Indicators USD USDGBP LONG papajohns SPDR S&P 500 ETF (SPY) S&P 500 (SPX500) short shortsetup
4
3
trendanalysis indicator usd usdgbp long papajohns spy spx500 short shortsetup
PZZA

Title says it all. This looks to be a short term top to me on the 1D chart and a potential H&S in the making, currently in the process of printing the head.

$PZZA broke to ATH's after consolidating from May-June. Typically once you breakout to new ATH you will get a retest of the prior consolidation, hence why I am looking to short here with a target around $80. As you can see the purple arc acted as resistance during consolidation before breaking out, completing our right shoulder. I have put another purple arc at the head where we should see resistance and a breakdown back to the consolidation range to test it as support.

Overall I really like this name and think that Papa Johns has a great plan for long term growth. This is a very limited short scalp looking to capitalize on cheap put option premiums.

- PennyBag
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.