Has Dominos Pizza drawn a line in the sand as buyers provide support

Potential Buy Alert DMP

DMP – Dominos Pizza Enterprises Limited

DMP has been sold lower from the highs back in August 2016 but has a line been drawn in the sand and strong support found? We see the 40.00 level provided support where buyers stepped in and price is now in the process of holding a higher low as further buyers step in. Still early days as price has some work to do but we are watching for a push up out of contraction before an entry setup plays out.

Stock Code : DMP – Dominos Pizza Enterprises Limited

Company Website : www.dominos.com.au

Current Price : 46.58

Status : On watch for buy entry setup