Pretty interesting one. $DG most recent drop was in part to earnings, but haven't been over the report to find out details (yet). Beginning of 2018 was easily a great start to the year (as was for... just about every sector) but for dollar general in particular ; accumulation / distribution seeing highest level since 2012 (before plummeting). Even then, recovered & back to AD resistance. Money flow divergence telling a story of itself, but fed CCAR part of the stress test this week & even my attention is more towards financials. Definitely wana see price drop back to 141% - $161 fib level & make new support ($96.95 / $97.50) before consolidating. Next ER is 09/03 so just over 2 months to (potentially) make new ATH's (Current - $105.82). A1 target price has my eye around $107.50. I wouldn't bet on the 314% fib testing that resistance, but I sure as shit wouldn't count it out either lol. Assuming price doesn't fall below 180WMA again - definite potential.
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Still a fan, but checked back over the chart & saw 55 low MA just crossed below 180 WMA. I have a feeling a dip to $91.50 might come first.
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Longer than I expected ):
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Getting there
Trade closed: target reached:
Skkkrrttt. Been a long time comin'