The main idea behind this is to use all probabilities we can to get a likely win
- The uptrend is apparent
- There has been a pullback
- The pullback is slowing and at the trendline
We then aim for a decent risk to reward of 3, or above 2 if 3 seems over ambitious.
Dollar General is a stock that will probably continue to benefit from any significant downturn in the market and general consumer confidence. It's not too far out from earnings but it does seem to dip into the run into them and bounce out, so buyer beware, but might be one to watch. I'd probably want to see another day of increased pricing and move above its 50...
Dollar General has outperformed the market considerably in 2019, maybe that is due to the potential for a recession on the near term horizon, DG could be considered a recession proof stock.
Technically the chart is bullish and looks like future upside potential = RSI up-trending | Stochastic bullish reversal | MA support strong
Average analysts price target ...
Dollar General has the ability to grow and thrive as well as increase its EPS, today's numbers are a massive boost to investors and will likely attract great interest. Not alone have the beat on earnings but also quided up for the remainder of 2019.
EPS $1.74 v expected $1.57, huge beat.
Company profile
Dollar General Corp. engages in retailing of merchandise,...
Looking at Dollar General, depending on your position it might be a good time to sell and buy back in at lower prices to maximize your gains or if you have taken a short position the recent candles closing below the trend line along with dropping below the 20 MA which has acted as support and resistance should confirm your positions. RSI will probably warm up ...
DG likes to make significant highs in July in the log scale weekly chart and correct itself significantly. A swing trade idea would be to look for a top near end of July.
Well, clearly DG never got the message that last week's rally was beginning to lose steam. They're taking off in a rocket to the moon. I usually write up very detailed technical analysis, but I can only say that this rocket is launching because every indicator says buy more and more and more (except RSI because that indicator has acrophobia).
******MARGINS MARGINS MARGINS MARGINS, just how much has the trade war hit NYSE:DG margins? That is what we will find out in tomorrow's earnings and just how well the supply chain has been changed to counteract tariffs. As you would expect margins are extremely tight in this sector of retail, a negative figure may be forgiven. From a technical perspective the...
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.
I hate gambling on earnings (in 2 days) but with how much the algos have respected the pattern's PRZ in the past month and money flowing out there's something going on here... Gonna roll w/ Apr 110 puts (pretty cheap) here and see what happens.
Planning to make my $ back on this joke... Might still keep going up to complete this requisite cup n' handle pattern and breakout to upper TL like it did in november.
