Dollar Tree has had an enormous run and the 100 day EMA has been a great support for this run. This is the first time it dipped below the 100 day and it has been below for about a week now.
The dashed lines are notable price points where funny things may happen.
I would expect it to go sidewaysish (It's in Websters) to allow for the EMA's to converge.
If you are bullish then right now is a great buy, but I would wait for confirmation first.
I will keep watching and add comments as it becomes more clear on the direction it may go. Any other thoughts are welcomed.
Comments
octradr
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Starting to feel bearish on this one. Tighten stops 1/14
octradr
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The support line seems to be holding and 2 doji were formed at the support level. Loosen stops a little. 1/15 b4 close
octradr
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I am very scared with all of these 20 plus percent drops from the holiday reports. Get out before the end of the day. 1/16
octradr
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Looking good so far. Takinglonger than I thought it would. 1/9
octradr
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EMAs crossed. Time to add to position. 12/24
stockspikes
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Director made a large insider buy couple days ago so my bet is that it will go up from here.
octradr
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Good catch. May be a good time to open a partial position and be more when the EMA's cross. 12/10
stockspikes
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Another large insider buy today in DLTR. Same director as before, 2000 shares.