In my view bullish flagg with the opportunity to move nearly 84 USD. The Stop must be somewhere at 69 USD. So with an entry at todays condition the risk/reward ratio is to bad to trade. Well, probably use a limit buy nearly 75, where is the 38.2 % retracement of the move.
Many solid stocks have taken some big drops but can still be considered for a buy. These stocks are solid companies with profits. If the stock market decides to take a drop these stocks should not take as bad a beaten as others at highs. BuyS FoR: SKX,F,DG,DLTR,CMG,CI,GIL,IEP,and FCAU.
DG is a good profitable company with consistent growth.
drop off to 68$ because The earnings reported missed the analyst consensus estimate by 0.01$.
close to 200 moving average and rsi is on 30.
a very strong support at 66$ should at least short squeeze to stock to 70$ - 75$.
Strong start YTD. Rolling back towards ema50 (Red MA). It may not touch, cross, or dip this attempt. But it might provide a long entry for interested parties after this near term bearish correction.
*Note: Given time and price action, ema50 always catches up to price before continuing or reversing.