hi traders,
Let's take a look at DG on 15 minutes time frame.
It looks like the price has confirmed the support around 148 $. The downsloping resistance line has been broken and the price may increase again.
Bullish engulfing candle also looks promising for bulls.
We expect the price increase .
Stop loss can be placed below 148 $.
Target 1: 155,15
target 2: 161,48
Looking at the chart best place to get in would be around $125.00 but it too late Current prce is $133. Gap fill is over $150.00 But I have a target of $146 for target 1 on a daily chart. There will be other targets on lower timeframes, but $146 is my target 1. YOU could try and start a postion at $133 and if it comes back to $125 buy the other half for target...
Finishing 4th wave of 5 wave counts. Gap fill slight above $100 that needs to be filled, could be an ABC correction from the $100 bottom.
Price target $65-80
After hitting bottom at 101.09, it goes up to 61.8 fib lvl and rejects which is normal as the 61.8 fib lvl holds good.
It finds support at 38.2 fib lvl. 38.2 fib lvl also holds good and we can see that it goes above 61.8 fib lvl after rebounding from 38.2 fib lvl. Same 61.8 fib lvl which was resistance before.
After crossing 61.8, it's retesting support lvl at...
DG (DOLLAR GENERAL) PRICE RECAP:
DG has been on a selling spree since reaching its all time highs at 262.21. Along the way down, DG’s price began to trade into a channel where it finally broken out of following a bounce from the major support at 102.07 - 106.00. This area hadn’t been reached since December 2018, completing a 61.8% price retracement....
MONTHLY DATA:
HISTOGRAM WAVE (top indicator) Down shift (3rd one since inception) finally re-appeared after waiting eons. Buyers are now positioning at the current discounted price range. Last time a wave down shift appeared was 6 years ago on June 2017! This is a huge hint already to SEED on this stock.
Price perfectly bounce on a 1.0 FIB LEVEL touch on...
Thank you as always for tuning in to my technical analysis of $NYSE:DG.
Please feel free to like, comment, and share! May God bless you and your family this upcoming week!
Hey guys, NYSE:DG has the following technical analysis indicators for more bullish upside.
1. Nice clean larger degree impulse
2. Longer in duration correction than the impulse going sideways
3. Lower degree impulse breaking out of larger degree trend line
4. Trend continuation Expanding flat structure breaking out for trend continuation confirmation
I am...
On Wed Nov 22 2023 I entered a cash secured put trade on NYSE:DG
I did this for several reasons:
Price closed above the 50MA on daily candles.
Price broke out of the horizontal support.
Price closed above a medium/long term diaginal support.
Moving averages are crossing over and sloping upwards.
Price is oversold as the stock has fallen by approximately...
1) RSI indicator dropped approximately 25 level and it gives us oversold sign but it is not so reliable indicator if it is strong upper or down trend. But its 2 moving averages will cross each other nearly. For very reliable buy sign we have to wait those moving averages.
2) Momentum's resistance line has been broken but this can be unreliable resistance line...
Discount retailers like Dollar General have struggled all year. Now, after a drop and rebound, sellers may return to the name.
The first pattern on today’s chart is the series of lower highs since May, which have produced a falling trendline. DG is now back at this line. Will the downtrend reassert itself?
Prices are also near the 50-day simple moving average....
DG
Replay of DG's Price Movement & Volume -13 October 2023
Dollar General (DG) gapped up and was up 9.16% on the day. DG's volume was nearly 3 x's the amount it was over the last 2.5 weeks.
Daily Levels & Fibonacci Levels
*The .38 retracement level on the daily is in confluence with the 116 daily level on the chart. The .50 fibonacci retracement level...
Dollar General is on its 8th red weekly candle, Very oversold, & coming into a support trend line that dates back to 2010. Could see a 8-10% bounce in share price based on first resistance line.
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...
