On Wed Nov 22 2023 I entered a cash secured put trade on NYSE:DG
I did this for several reasons:
Price closed above the 50MA on daily candles.
Price broke out of the horizontal support.
Price closed above a medium/long term diaginal support.
Moving averages are crossing over and sloping upwards.
Price is oversold as the stock has fallen by approximately...
Dollar General - 30d expiry - We look to Buy a break of 173.33 (stop at 167.33)
We are trading at oversold extremes.
In our opinion this stock is undervalued.
We have a Gap open at 01/06/2023 from 201 to 179.
The bias is to break to the upside.
173.09 has been pivotal.
A break of the recent high at 173.09 should result in a further move higher.
Our profit...
Dollar General - 30d expiry - We look to Buy a break of 222.52 (stop at 216.52)
The primary trend remains bullish.
This stock has seen good sales growth.
Short term momentum is bullish.
A break of the recent high at 222.21 should result in a further move higher.
The bias is to break to the upside.
Our profit targets will be 237.52 and 240.52
Resistance:...
Dollar General - 30d expiry - We look to Sell a break of 212.47 (stop at 220.62)
Daily signals are bearish.
The sequence for trading is lower lows and highs.
A clear break of 215 and we would look for further losses to 200.
Our outlook is bearish.
There is no clear indication that the downward move is coming to an end.
Our profit targets will be 193.53 and...
Surprisingly enough this company is stellar when you look at the financials. Its Cash Cycle is under 30 days with absolutely NO ACCOUNTS RECIEVABLE!!! its been growing its revenue around 10% each year, management has been buying back shares to increase shareholder equity, its dividends are squat :( , but they are gunning for Five and Below/ FIVE s market by...
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...
🤔 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...
