#NAILEDIT. This one came easy. It's good practice. Let's see what happens from here, but I will be waiting for a close below support and then short it. ;-)
Dolar Tree is in a confirmed uptrend and after a retest on support at $125, the price has formed a cup & handle with less of 30% throwback, this correction came after bad news on NYSE:WMT . That's why stocks like NASDAQ:DLTR and NYSE:DG came right back up. This shows strength and leadership in its industry.
Inside the handle it has formed a shark pattern...
For the shorts, more trade ideas on stocks that are still early in phase 4 downtrend IMO.
BJ - see more downside, although would like a retest of breakdown for another opportunity however we may not get one, started short small size, looking for $48 zone to cover
WHR - Better setup IMO, broke down then retest and rejected. Looking for $154 zone to cover
I think BJ$ is a huge grower in this category where Costco has all 50 states and has not much growth in store i feel BJ$ is a great Long term hold Big BOX is the one thing Amazon Cant compete with Family Luv them and they are transiting nicely to online sales same day delivery also . I like the Technicals of this consolidation is nice above the MA and BB Bands...
Hi,
we have a possibility to see higher levels again but this time Im not going to buy the current dip. What I would like to see is move back above 0,9010/15 and then pullback to 0,9000/8980 and thats going to be my entry.
stop under 0,8960
Three targets: 0,91, 0,9165 i 0,9300/50
Good Luck
