DLTR reverses up on pre-earnings move LONG
DLTR has earnings in 3-4 trading days. On the 30 minute chart it has been sideways
and maybe a little down for this past week which is par for the course given the
general market. In the last trading day, price bounced up from the lower of
the two Bollinger band set at 2.618 standard deviations below the mean basis
band. The ZL MACD lines are upgoing and crossed over the zero-line. The
ADX lines both negative direction and positive direction are flat and ad the zero
level. The BB Oscillator demonstrates the bounce at the Friday morning open.
I will take a long trade in DLTR in the next three days anticipating that trader
interest and a little greed will push the price higher. I may take a call option as
well. If you want to know which call I may have an interest in taking, please leave
a comment.
and maybe a little down for this past week which is par for the course given the
general market. In the last trading day, price bounced up from the lower of
the two Bollinger band set at 2.618 standard deviations below the mean basis
band. The ZL MACD lines are upgoing and crossed over the zero-line. The
ADX lines both negative direction and positive direction are flat and ad the zero
level. The BB Oscillator demonstrates the bounce at the Friday morning open.
I will take a long trade in DLTR in the next three days anticipating that trader
interest and a little greed will push the price higher. I may take a call option as
well. If you want to know which call I may have an interest in taking, please leave
a comment.
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