DLTR is probably the biggest champion in the pandemic. It has ultra low cost goods and a large base of stores nation wide. Q4 revenue and profit margin were huge for DLTR. Technically, the stock looks great through the small earnings flag at 109. The descending channel paired with a bullflag after breaking out of the channel. All this stock needs to do is stay...
Cup & handle pattern followed by inverted head & shoulder (I understand that this is not how it is typically applied, but personal observation shows it is effective to show continuation as well) on the Weekly chart. Looking like it should head back to $115-118 resistance area. If it breaks out of it, then it might go to $135-150 area. Disclaimer: I'm not giving...
Our Mission Dollar Tree, Inc. is a customer-oriented, value-driven variety store operating at a one dollar price point. We will operate profitably, empower our associates to share in its opportunities, rewards and successes; and deal with others in an honest and considerate way. The company's mission will be consistent with measured and profitable growth. My...
DLTR- DLTR is at old ascending triangle support line of ~$99-i expect it to bounce, two price targets are ~104 and ~110.
On the move off of our low support line, DLTR price and daily volume have been consistently increasing. NOTE: bullish run after last reporting (11/24). Crossing the 21 EMA, good sign for continuation to the top of our rising wedge. MACD starting to turn, will require forward momentum.
The volume long term is slowing, but that is related to selloff volume. We could see a rebound and break through the long term flag. Putting my exit at $53.50.
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Another short term trend I hope to ride this week. S&P heading right direction, this should have a nice couple days.
Video breakdown and analysis on $DLTR
This is my first time trading DLTR, but my kids and I always get a kick out of going there like once a month to get random things for a buck a piece. It looks like historically there's a high chance of a lot of movement after the earnings call. So I just executed a DLTR$100/95strangle12/18 for $6.45 ($645) per contract. Do your own due diligence, your risk is 100%...
DLTR reports this Tuesday November 24th AMC. Expecting a strong quarter from DLTR as they continue to succeed as a bargain retailer for all things consumer necessary. Looking for a good dip on Monday to enter for an earnings play this week.
But in all seriousness this chart looks really good, and It it follows these resistances and supports it could lead up to ATH. The Pivots line up perfect with the convergence of the lines. If the EMAS cross the 200 EMA then I will enter a Long position
Although it is true that the price comes from falling strongly, it is also true that the force that caused it to fall has already dissipated, confirmed with the second upward movement that breaks the top of the downtrend again.
Keeping an eye on flag pattern developing for $DLTR. Would imagine it would get a boost if stimulus is finalized. The high of the pattern is $97.68 and this level has acted as resistance previously. Targets would be $100 then $102 area.
BE range: $91.08 - $101.92 max profit: $192 max loss: $308
DLTR is not one I play but I found this interesting. December is a bounce around and retest that resistance month for DLTR. I went back a few years and its pretty much the same. Due to the November election I believe it will be bouncing around from end of OCT until end of December. I will update this if a trend forms