I opened a short position in DG this morning and am sharing my basic plan. To me this seems obvious. DG is a value store though and if this is truly a recession, which I am not convinced of, would be the only reason this trade fails. Like anything manage risk but this seems obvious to me. Am adding more if it goes higher. Use SL you feel comfortable with. ...
Comparable periods in compatible colors Price will extend to the upper white line and complete its last move to orange circle
long position for GU AS TOWARDS TO 2022. FQEFQD FGDFDFFDFGadfFADFDF
#DGUSDC $DG is trading inside a triangle and near to break one side. break out from upper line will take price toward $0.427 and $0.487 and breaking down from support zone will drop price to $0.0183.
Based off volume profile, it looks as if DG might be bouncing back pretty soon. After this ER dump, I expect it slowly sell off to around the 165-150 range, where i’ll be buying. Entered a couple of DG august contracts today, and looking to buy more at anything below 160.
A few days late to see this but in line with my thesis on Consumer Staples being the next sector to perform in the market NYSE:DG hit a long term 50% retracement level support around 175. I would be looking at this to retest the high in terms of price action. Unfortunately even at this level the dividend yield is rather low (0.79%).
I expect this next week for Dollar General to be an overall green one, but with very little movement. DG has been struggling to maintain its price above the 200 MA, currently resting above it by a thin margin, and last week found resistance at the 50 MA, which ironically was at our $205 price target for last week. Worst case scenario, DG falls to test its proven...
A closer look at DG using a time interval trend theory on a short term time-frame.
Since mid Oct, this particular group of marquee Consumer Discretionary stocks - McDonalds MCD, Dollar General DG, Home Depot HD, Lowe's LOW - show a deteriorating pattern which the Dow DJI and the NASDAQ indices do not.
Video breakdown and analysis on $DLTR
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
$DG has generated alot of cash for me and for options contract buyers its a great long exp buy. Obviously Equity buyers included in this. Right now we are sitting at a major resistance , and if we break my first PT would be $225.35. After that we are working through ATMs but thats how stocks work at ATM. you never know. One thing to watch is $SPY . $DG moves along...
🤔 Dollar General parallel impulse channel identified, We currently sit near Resistance. I'm leaning towards a short on this one. We will show the next key levels to play on a lower timeframe to show you where we will be taking a short position. 165.38 is a key area of old Resistance that we could see be tested as new support. If this were to happen, we would be...
DG Dollar General: Fry Pan Bottom, Kicker Signal, Consolidation, economy is opening, lost jobs, people will be looking to save $ on everything. Looks Like DG is going up as long as the overall market will hold.
💸 The only thing that looks better than Dollar General's earnings outlook is its chart. This one is easy to be bullish on, especially with people getting back out to shop during the initial reopenings. That said, if there was any reservation here it would be that there has been some FUD recently around Dollar General not paying workers enough. Although the bad...
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