DG is scheduled for earnings next week/8-26 BMO.
Fat rising wedge possibly noted but is not super narrow at apex. This wedge is just a tiny bit narrowing and encompasses the whole trend since the bottom at 173.50. I have noted these fat wedges may or may not fall, as they do not come to a super noticeable narrowing of the trendlines at the apex. They are very wide but slowly, the trendlines do narrow somewhat. Some rising wedges come to a very narrow point at the apex and this type does usually fall, eventually. I am still studying the fat ones that encompass an entire trend. AMZN had one and they are difficult to draw. I do see a rising wedge on hourly that was narrow at the apex, but price has fallen and corrected from that one. Hate to leave anyone hanging, but my research on fat Rising Wedges is in progress (o:
Looks like a bull flag, but poles that steep make me stop and think WOW! Call me crazy because a steep pole is usually considered bullish. Just makes me wonder if there are too many buyers in that pole and buyers can become sellers any day of the week. Maybe this will pull back some more before earnings. I am often over-cautious so ignore me, it is the Capricorn that resides in my blood that makes me that way. LOL. I love this stock and they will get to stay open if the government exerts more lockdowns and mandates in their quest to control the American people.
V bottoms differ from a cup as they do not always have a handle, but they can have one, and the bottom is more V like verses rounded like a cup is. Targets are calculated in the same manner for both patterns. No recommendation
Fat rising wedge possibly noted but is not super narrow at apex. This wedge is just a tiny bit narrowing and encompasses the whole trend since the bottom at 173.50. I have noted these fat wedges may or may not fall, as they do not come to a super noticeable narrowing of the trendlines at the apex. They are very wide but slowly, the trendlines do narrow somewhat. Some rising wedges come to a very narrow point at the apex and this type does usually fall, eventually. I am still studying the fat ones that encompass an entire trend. AMZN had one and they are difficult to draw. I do see a rising wedge on hourly that was narrow at the apex, but price has fallen and corrected from that one. Hate to leave anyone hanging, but my research on fat Rising Wedges is in progress (o:
Looks like a bull flag, but poles that steep make me stop and think WOW! Call me crazy because a steep pole is usually considered bullish. Just makes me wonder if there are too many buyers in that pole and buyers can become sellers any day of the week. Maybe this will pull back some more before earnings. I am often over-cautious so ignore me, it is the Capricorn that resides in my blood that makes me that way. LOL. I love this stock and they will get to stay open if the government exerts more lockdowns and mandates in their quest to control the American people.
V bottoms differ from a cup as they do not always have a handle, but they can have one, and the bottom is more V like verses rounded like a cup is. Targets are calculated in the same manner for both patterns. No recommendation