PZZA appears to be breaking down from a short term upward channel. Interestingly on the weekly frame it seems forming a H&S formation. Overall technically it looks an interesting short opportunity.
PZZA
Date First Found- June 20, 2017
Pattern/Why- H&S on weekly chart
Entry Target Criteria- Rally to $77.27-$79.00 or break below $74.93
Exit Target Criteria- $55.73
Stop Loss Criteria- $80.13
PZZA
Date First Found- June 20, 2017
Pattern/Why- H&S on weekly chart
Entry Target Criteria- Rally to $77.27-$79.00 or break below $74.93
Exit Target Criteria- $55.73
Stop Loss Criteria- $80.13
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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.