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MarlosClock
Oct 10, 2023 9:52 AM

DLTR: A tale of 3 pivots on a recession stock Long

Dollar Tree, Inc.NASDAQ

Description

Max down I see is 80-ish on volume profile, but it could very well hold this 10y support trendline and bounce to 140-ish. I've got some options on it both ways, waiting on confirmation. It was overbought 2020-2023 on the most advertised recession in history. But according to 2000 and 2008, it should be a great investment long term. DLTR also has better earnings and financials than DG, who has a similar chart.
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