A recession play I am heavily eyeing, the orange horizontal is an absolute buy for me based on prior resistance/support and fundamental valuations. Even the most conservative label DG fair valued here, most calculations put it at a 35+% discount. DG tends to perform best in recessions, but fall leading into them. With their new smaller layout store action plan...
Hi everybody , this share is going to get close to its longterm trend line due to that it is not bad to open a long position on that....
Goooooood Luuuuuuck
With MACD and RSI Pointing obvious bullish indicators, if price holds and doesnt trigger a stop loss situation, the uptrend will be dramatically considered. The week charts indicate a nice setup as well, don't rely on the price to go very high in the near term, but wait for weekly confirmation to go all in on investment.
Hi,
A leading American discount retailer, Dollar General operates over 19,000 stores in 47 states, selling branded and private-label products across a wide variety of categories.
In fiscal 2022, 80% of net sales came from consumables (including paper and cleaning products, packaged and perishable food, tobacco, and health and beauty items), 11% from seasonal...
The last signal to exit by stop from the long position on this strategy was given September 15. The price of the asset at the time of closing the position was 120.3.
As you can see, the asset price fell even more after removing the other players stop loss orders from the previous price range. This is a rather manipulative situation, but this is a special case....
Watching but this is a bad candle on the gap down.
It could drop a bit more if it breaks the support line which is not far away.
A Marubozo is a type of candlestick charting formation that indicates a security's price did not trade beyond the range of the opening and closing price. It is a candlestick pattern that lacks a shadow on the top and the bottom of the...
There's nothing stopping this name right now. Looks pretty tragic for the bulls.
BUT, this stock will eventually rebound. Consider more accumulation strategies on this stock at some point. Slowly, trepidatiously, and over time. buy low, sell high.
Dollar General - 30d expiry - We look to Buy a break of 139.44 (stop at 133.04)
We have a Gap open at 31/8/23 from 157.66 to 128.62.
In our opinion this stock is undervalued.
A higher correction is expected. A break of the recent high at 139.12 should result in a further move higher.
Offers ample risk/reward to buy at the market.
Our profit targets will be...
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...
Monday open buying DG230616C00155000 / DG230630C00165000 / DG230721C00185000
Along with a long position. I hope to get in at $150 or just below for all.
This idea is based on Wyckoff's method for determining price objectives using the Point & Figure count of the distribution ranges. We can see a complex distribution range existing of 2 different types of distribution patterns at the top.
The yellow range is based on Wyckoff's distribution schematic 1 and the white range is showing a type 2 distribution...
DG recently broke through its downward trend and touched its support line to bounce off upwardly.
DG has an inverse trend to the market due to its budget focused audience. During poor economies DG should rise.
DG sold off quiet a bit as traders became optimistic about the markets conditions in early 2023
Lately new fears of recession are forming making DG...
DG had a swing low in mid-March. While it has retraced well, it is still 15% below the YTD high
On the 2H chart, the retracement uptrend is accompanied by a persistent volume of about 2X
that of March and before. I am supposing that with an early or light recession underway, value
sensitive consumers are delivering DG more revenue from its retail operations...
My first published idea on TradingView...let's see how the forecast does.
20230422 Forecast for Dollar General (DG).
Date and price target: 5/16/23 - 6/14/23: 240.00 (+8% from 218.22 on 4/21/23)
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:...
DG has broken down from a Descending Triangle and appears to be in a channel down.
Targets 1,2 and 3 have been met.
Spinning top today/indecision
No recommendation.
EPS (FWD)
11.24
PE (FWD)
18.36
Div Rate (FWD)
$2.36
Yield (FWD)
1.14%
Short Interest
2.10%
Market Cap
$46.15B
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...
