PZZA: ⬇️ Sell
– PZZA below key support level 22.35
– Likely to fall to support level 17.50
PZZA recently broke below the key support level 22.35 (which stopped the previous minor impulse wave iii at the end of August, as can be seen below).
The breakout of the support level 22.35 accelerated the active minor impulse waves 3 and (v) – that belongs to the intermediate impulse wave (3) from last October.
Given the clear daily downtrend, PZZA can be expected to fall further to the next support level 17.50 – target for the completion of the active the intermediate impulse wave (3).