DLTR breaking out of resistance downtrend line, with gap above left to fill. May wait to see if a pullback retest holds at new support before entering long, or minimize risk with given call options. GLTA
This dip in DLTR is an opportunity to grab a quick few percentage points to the upside. This is now around fair value and should retrace. Loop Capital still has a buy rating.
careful on the DLTR.. it hit the 100MA on the weekly so it could bounce here or stall.. I would wait for a break of the this 100MA and then take to the 200MA..
Excellent set-up to sell the pullback trade on #DLTR
Sell pull back at the following level:
Sell 97.35/99.26
TP1 92.99
TP2 90.2
Weekly support level of 89 will be tested. Will follow up this trade....
Dollar tree past year of revenue has a steady growth (www.marketwatch.com)
The recent DIP in stock price after earnings 7th March 2018 is a discounted price
Monitoring the stock price from 7th till 21st march saw price hold around the 94 price line.
This NoobTrader decided to set a conservative entry at 93.59 for a long position
Dollartree DLTR is currently well oversold, below price structure, and near term MA extended below the longer term EMA. Buying opportunity with 4-8% target prices.
DLTR
Open 115.25
SL 114.15
TP 119.65
$DLTR
P/E 27.51
Forward P/E 20.55
Industry:
P/E 27.21
Forward P/E 21.67
A good time to catch up and overtake the industry. Break through the resistance level at 115$, gives an excellent excuse for stock buying on bull market.
It's amazon vs retail. But I have a reason to believe discount stores aren't too affected by AMZN. This is a lower percentage gain than most my ideas.
We have DLTR trying to break out from the 70$ mark. Not too confident but I will take the long with a short stop. Will be selling around $74.
Be aware we are also approaching earnings. If earnings are good I will...
Daily and Weekly +ve Divergence.
Monthly hanging around critical FIB support.
Any turn around on Monthly here should bode well for long term.
For now earnings play looks very tempting with Daily/Weekly ready for a small rally.
