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diamondparker
Mar 1, 2021 2:27 PM

Bullish Divergence On The MACD 

Dollar General CorporationNYSE

Description

Good Morning! In my opinion, Dollar General ( DG ) will have a nice move up if it can complete the bullish cross on the MACD. There is very strong bullish divergence happening on the 4 hour timeframe. There is also some bullish divergence happening on the daily. If we can hold above -4.45 on the daily MACD this could be a great swing opportunity as well.

What are your thoughts?

I hope you all have a great trading day :)!
Comments
Liquid186
Good call today! Where do you think we go from here?
diamondparker
@Liquid186 thanks! I think DG overall is a really good company, on top of that the MACD on the 4 hour already crossed, it looks like the MACD on the daily wants to cross and the RSI is fairly low. We still might have room for another move up in the next coming days.
MoneyMakerTrade
Good job
diamondparker
@MoneyMakerTrade thank you ☺️
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