NYSE:DG engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg's, General Mills, and PepsiCo. -A M Harmonic pattern...
After breakout, It is pulled back and not it is trying to find its support at 20SMA. If it keeps in the zone, will bounce back
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Dates in the future with the highest probability for price direction reversals
I played a put position overnight due to bad market condition knowledge from Dollar tree earning last week. However, i liked that DG earning call mention share buy back and increased dividend This will probably make dg a buying opp today. Looking to catch the bounce at $110.80 with a stop loss at $109 and take profit at 116ish.
DG's relative performance vs SPY is highly correlated with TLT on a weekly basis. Recent breakdown in correlation gives a good trading opportunity Either DG is mispriced vs SPY or TLT is very cheap
$DG Dollar General - Bearish Rising Wedge on Declining Volume. See chart for two possible near term targets. Note: Informational analysis, not investment advice.
Another trade idea active on DG Entry at $107.20 Target at $112.35 and 2nd target at $127.12 Stop at 102.77 DG bullish run on for months. Tis pullback set it up for a good buy opportunity, get it at a discounted rate. Earnings in December so little time for the run. it has the potential to achieve 6.52R at a target 3 of $136.15 be aware of the resistance at...
Green box is , was accumulation Orange (we are in now) is public participation. Trend is STRONG. This is the breakout, if you plan to be in or want to be in, buy the retest. :-)
Play accordingly. Earnings is around the corner. Nice bull trend. :)
Strong start YTD. Rolling back towards ema50 (Red MA). It may not touch, cross, or dip this attempt. But it might provide a long entry for interested parties after this near term bearish correction. *Note: Given time and price action, ema50 always catches up to price before continuing or reversing.
All time high break out (which have been awful for the last few years). I would wait for a pull back...
DG has been making lower lows and lower highs. It's below 100/200 SMA on the daily and 10/20/50 EMA on the daily. Short the pull back.
DG - nice bearish retest gap. Looking to go short on the pull back. 71.03 limit sell. Stop at 73.63 DG is below the 100/200 SMA on the daily and 10/20/50 EMA on daily and weekly This looks like a generally good trade. ;)
Limit sell on the pull back. Stock is below the 200 SMA which would act as a resistance. Good chance we lose less than 1 R