- PZZA reversed from key resistance level 53.90
- Likely to fall to support level 45.85
PZZA recently reversed down from the key resistance level 53.90 (which has been steadily reversing the price from the end of 2024), intersecting with the upper weekly Bollinger Band.
The downward reversal from the resistance level 53.90 formed the weekly Japanese candlesticks reversal pattern Long-legged Doji – a strong sell signal for PZZA.
Given the clear long-term downtrend and the overbought weekly Stochastic, PZZA can be expected to fall to the next support level 45.85.
- Likely to fall to support level 45.85
PZZA recently reversed down from the key resistance level 53.90 (which has been steadily reversing the price from the end of 2024), intersecting with the upper weekly Bollinger Band.
The downward reversal from the resistance level 53.90 formed the weekly Japanese candlesticks reversal pattern Long-legged Doji – a strong sell signal for PZZA.
Given the clear long-term downtrend and the overbought weekly Stochastic, PZZA can be expected to fall to the next support level 45.85.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.