The price is below 30MM. I think you should wait the price break 30MM and the 30MM be more horizontal. Don't buy for now.
This dip in DLTR is an opportunity to grab a quick few percentage points to the upside. This is now around fair value and should retrace. Loop Capital still has a buy rating.
DLTR Open 115.25 SL 114.15 TP 119.65 $DLTR P/E 27.51 Forward P/E 20.55 Industry: P/E 27.21 Forward P/E 21.67 A good time to catch up and overtake the industry. Break through the resistance level at 115$, gives an excellent excuse for stock buying on bull market.
Ending diagonal in wave 5 position. I guess its a wave A in ABC correction. But it can be a new trend down therefore it can be 1-2 Anyway long on break up could make a benefit as target could be within 91-99 marks (61.8-99% retracement)
If DLTR gaps below 76.03 consider using the Retest Gap strategy. To receive a free and complete stock trading education go to www.RealLifeTrading.com