Hello dear Traders,
Here is my idea for #DG
Price closed above yellow line
Targets marked in the chart
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
The PEAD projected a Bullish outlook for $DG after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 81.82%.
In sideway, near resistance
Trendline break + retest
Earning 8/25/2022 Estimate 2.90
Short 231
Stop 242
Target 185, 167
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Looks like a Rectangle with another support level inside that was tested today.
Possible small symmetrical triangle that is almost an ascending triangle with a flat top line, but not quite. There is a slow sloping down of the top trendline.
Long Legged Doji at support/ representing some indecision.
Earnings soon and it looks as if DG is expected to do...
This is a neutral pattern.
If a trendline is broken then one could trade in that direction.
Or this could just get wider and wider like a megaphone.
No recommendation
Likely retracement trade setup.
Inverted Monthly MACD ; Pulling away from Pandemic ATH
From a fundamental standpoint, this industry is in a soft market in a soft market, consumers likely drawn back to other stores with the amount of deals to be seen going into the holiday season.
Target 205.14- 192.05 -by EOW -WK 1 of New Year
A price action above 241.00 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
Further trend support above 245.00.
Crossing above the 248.00 resistance might target 255.50.
Crossing below 243.50 might be the first sign of pending weakness.
Dollar General
Short Term - We look to Sell a break of 242.72 (stop at 250.70)
Following yesterday's bullish candle, the overall trend higher looks set to reverse today. Trading within the Channel formation. The bias is to break to the downside. A break of support at 244.00 should lead to a more aggressive move lower towards 220.00.
Our profit targets will...
Dollar General is a huge discount retailer that plans to get even bigger.
After a nasty island reversal in May, NYSE:DG has recover very well. This tight action in price has caught my eye and today is making an inside bar with pivot buy at $256.10.
You can even say that is forming a cup & handle.
The bad thing is that it publishes earnings next week so,...
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. ...
The PEAD projected a Bullish outlook for $DG after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 57.14%.
Neutral pattern until a trendline is broken with a confirmed trend in that direction.
Price appears to be consolidating right now so a move may come soon.
The longer term moving averages look good compared to most stocks in the market. These longer term averages lag price significantly.
The 50 DMA is over price and causing resistance today. It should be under...
Everything based off symmetry and key time price alignments from DWEB.
See below and don't be surprised if you don't understand how I got it, just know that sometimes these trends and levels really capture the price moving forward. The more the price follows or fails the trends the more it becomes valid or invalid.
Here I decided to quietly markup up the run Dollar General went on from Feb-Apr. I used the Daily Chart & this is purely form a Swing Trading perspective.
It was indeed beautiful. I actually was releasing a webinar in March and I included an options play on Dollar General when it was at 199. I signaled 207-220 calls, with overall upside potential to 240.
Dollar...
