We'll have to take a look at their fundamentals to have a realistic idea of where this wedge will go.
I think quarterly financials will be the determinant.
Excellent opportunity in both directions.
Keep your eyes peeled!
Today DLTR gapping down around 7% and I see here a potential long opportunity.
I want the price to confirm 138 support and show bullish momentum.
First potential resist can be 50MA, but the price should break through easily.
If 50MA won't be a problem - first targets are: 143-146.
Dollar Tree ( NASDAQ:DLTR ) encountered a tumultuous start to the year as it grappled with missed earnings estimates and recorded significant charges, signaling challenges in its store closure plan. While the discount retail giant reported revenue growth, uncertainties loom amidst liabilities and a cautious outlook. Let's delve deeper into the implications of...
Ticker and Sector Analysis: Examine sectors such as discount retail, luxury retail, apparel retail, packaged food, and tech (specifically cloud and security). Each sector will have its own set of market drivers and risks. For example, tech sectors may be more volatile but potentially offer higher growth, while food and apparel may offer stability but with lower...
Max down I see is 80-ish on volume profile, but it could very well hold this 10y support trendline and bounce to 140-ish. I've got some options on it both ways, waiting on confirmation. It was overbought 2020-2023 on the most advertised recession in history. But according to 2000 and 2008, it should be a great investment long term. DLTR also has better earnings...
Our pivot point is at 138.5.
Our preference
The downside prevails as long as 138.5 is resistance.
Alternative scenario
Above 138.5, look for 147.6 and 153
Better Bear Put Spread Considering $ 108 as Bottom and all Debit Spread for Feb 2024 considering $ 152 as PT
Trade 1: Buy call for $ 140 and sell for $ 145 which is 500% Target gain
Trade 2: Buy Put for...
DLTR dropped on a mild earnings beat. It is now below a volume shelf at 128.
Indicators including the MACD suggest a reversal as bullish divergence is showing.
The mass index supports a reversal. On the dual time frame RSI, the low TF green line
is above the higher TF black line which is weaker. Overall, DLTR could retrace to 133
based on the Fib retracement...
DLTR has earnings in 3-4 trading days. On the 30 minute chart it has been sideways
and maybe a little down for this past week which is par for the course given the
general market. In the last trading day, price bounced up from the lower of
the two Bollinger band set at 2.618 standard deviations below the mean basis
band. The ZL MACD lines are upgoing and...
This is another Solify Play. Confident Level 10/10
NSE:DOLLAR Tree( NASDAQ:DLTR )
2hour Timeframe.
Confident Level 1)
We Formed A HIGH follow by High Low Follow by a Higher High.
Confident Level 2)
Touched the Trendline Twice Already. Waiting for the third one to form. This is where I believe another High-low will Form.
Confident Level 3)
We are above...
Looking for it to drop into my buy zone but it could just as easily go up outta the Triangle, or is it a bullish pennant?! I know nothing but we shall see
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Further notes on the chart.
TRADING LEVELS:
Entry: 155.9200
Target: 170.0000
Stop-loss: 144.1500
Accuracy in direction. I started with penny stocks then forex. Through it all I stuck with reading the charts and understanding it. I've used tradeview as a diary for myself.
