Dollarama is likely to break above 85.75; Risk=75, Upside=97.5

Dollarama steadily rising trend is approaching toward a key resistance at 85.75. The ongoing pattern suggests that Dollarama’s stock price is about to break above the key resistance reaching to 97.8 target by the end of this year. Stock is currently trading above 200-day moving average which indicates the long-term sentiment is not bearish.

If stock price is unable to make a meaningful push above 85.75 mark, the downside risk would be initially 80.7 level. At current level Dollarama’s stock price offers 20% upside potential and 10% downside risk.