Dollar General (DG) is showing constructive price action, forming a tight consolidation area. While the RS Rating (66) is currently lagging, the setup aligns with a potential early Stage 2 recovery.
The Strategy:
Pattern: Price is tightening (VCP characteristics) as it digests recent moves.
Trigger: Buy point set at $154.80 (Pivot Breakout).
Risk: Watch for volume confirmation; failure to hold recent lows invalidates the setup.
Disclaimer:
This idea is for educational purposes to track the strategy performance. Not financial advice.
The Strategy:
Pattern: Price is tightening (VCP characteristics) as it digests recent moves.
Trigger: Buy point set at $154.80 (Pivot Breakout).
Risk: Watch for volume confirmation; failure to hold recent lows invalidates the setup.
Disclaimer:
This idea is for educational purposes to track the strategy performance. Not financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.