Textbook $DLTR short. Massive consolidation with a large gap on either side. The consolidation broke down, retested the consolidation, and was rejected. Additionally, even with the cross-market rally, $DLTR did not move as much as other stocks that bounced from the market relief. Lastly, $DLTR is almost exclusively owned by institutions, the setup is textbook, and...
I added to my position around $136 today. We should see a bounce to $151-$154 range in coming 2 to 3 weeks. 70 $140 calls Sept 30th exp. Drop seems overdone considering EVERY company has been missing or withdrawing guidance, some go up, some go down. GL
Dollar Tree is an American multi-price-point chain of discount variety stores. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 15,115 stores throughout the 48 contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics network of 24 distribution centers.
Dollar Tree made a symmetrical triangle near the...
🔸️Ticker Symbol: $DLTR timeframe: 4H 🔸️3X Bull Pattern 🔸️Investment Strategy: Long
TECHNICAL ANALYSIS: With $DLTR opening up tomorrow's market with an ER, there may be some positive outlook on the outcome. So far in 2022, $DLTR has been on fire on company operations. The last 3 ER have led to significant jumps on the price action, and top analysis see no...
Dollar General is a huge discount retailer that plans to get even bigger.
After a nasty island reversal in May, NYSE:DG has recover very well. This tight action in price has caught my eye and today is making an inside bar with pivot buy at $256.10.
You can even say that is forming a cup & handle.
The bad thing is that it publishes earnings next week so,...
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...
Bought position as the stock came thru the high-volume pivot from Dec 10. The stock has been one of the strongest in the market, gapping up and out of a very long-term base on an analyst upgrade in November and having a very strong day on earnings.
Since earnings, it has digested its move very orderly and with very low volatility. It looks like it may be...
It looks like we are going to get a 4th test of the $120 resistance area this week going back to 2018. If this accepts over $120, look for a powerful move up towards $155. If it rejects, look for support at $106 and $97.
For the last few years we have seen DLTR stuck in a range between 67-115 (smaller range from 88-115). For this stock to continue and not offer some kind of dividend (I believe we are out of the growth phase) is unheard of.
If you compare the growth in retail at the moment between say TGT and BBBY, I know it's a stretch but this pricing needs to be adjusted...
DLTR has been trending and gapped down after earnings. It's been consolidating in this range and formed a pennant. We are also forming in the daily a ttm squeeze. I wanna see DLTR get above the 6day SMA and have the emas trend bullish.
Contract Suggestion:
BTO DLTR 7/16 100C @ .96
DLTR Current Price $97.51 Price Target $106
DLTR right on that $97 support level I think we bounce off support and come up to around $106. Not a long term hold just a trade based on the chart set up
