NASDAQ:DLTR Entry: $123.08 Target: $125.02 Stop-loss according to your risk appetite. Not more than 1:1. Indicators also showing a bullish trend.
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...
There is a possibility of a decline after the closing of the 5th wave. It's a diagonal pattern, so it can plummet after the closing.
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...
It looks like next week DLTR is about to break out of a wedge.
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...
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 143/61.80%
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
Downside to $142 here, low risk trade. Best of luck! Cheers, Ivan Labrie.
An idea I just posted to our client platform. To regularly receive trade ideas such as these, get in touch with me today. 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.
Everyone loves the dollar store during inflation, and the trendline bounce is perfect to buy.