The Canadian dollar has started to increase and it seemed it has a long way to go. Dollarama is one of the vital veins of the Canadian economy and the minor recovery in the economy would change this stock to a skyrocket!
% 4-5 is the easiest target for now, but in my humble opinion, $100 is not so far from today.
35% increase from pre pandemic has not priced in the growth and expansion thats coming DOL's way for sure and that along inflation and belt tightening times and 5$ prices can easily push DOL past the 80$ mark , on technical side a long time channel has been broken upwards signaling a new lower and upper bands
#bumpandrun , #dragonpattern is forming , I think today we are witnessing the total break down of the major downtrend , should the 50-200Ma crossing hold , Im thinking a short term rally is just starting and after a pull back to the cluster around the blue trend line and the pitch fork that was just broken out of ... with targets of 85$ within reach in first half...
Hey guys,
Many of you probably didn't notice - Dollarama outperformed most of the high tech stocks for the last 8 year - yes, including Amazon and Apple! Don't forget it's not about who is fancier, it's about performance!
Although, I am looking for a Dollarama short opportunity at these levels. Keep your eyes open!
Keep it Real!
Initial support is seen at 95.95 – 95.75 followed by lower support at 95.0 – 94.75.
A bullish follow through above the first support with a breakout above 96.55 which marks the bull flag’s high could signal a longer term rally that could see 97.45 followed by 98.55 levels being marked as the minimum price objective here.
The bullish view could, however, turn...
