Hello dear Traders,
Here is my idea for #DLTR
Price closed above yellow/trigger line (previous month high)
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
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Textbook $DLTR short. Massive consolidation with a large gap on either side. The consolidation broke down, retested the consolidation, and was rejected. Additionally, even with the cross-market rally, $DLTR did not move as much as other stocks that bounced from the market relief. Lastly, $DLTR is almost exclusively owned by institutions, the setup is textbook, and...
Hello dear Traders,
Here is my idea for #DLTR
Daily close above the yellow trigger line (previous month high) to enter trade.
We try to anticipate a 2-2 bullish reversal in the weekly chart - price found support at monthly pivot S2 Line
Momentum: Weekly UP, Monthly UP
Targets marked in the chart (black lines)
Invalidation level marked with red line
Please feel...
I added to my position around $136 today. We should see a bounce to $151-$154 range in coming 2 to 3 weeks. 70 $140 calls Sept 30th exp. Drop seems overdone considering EVERY company has been missing or withdrawing guidance, some go up, some go down. GL
Dollar Tree is an American multi-price-point chain of discount variety stores. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 15,115 stores throughout the 48 contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics network of 24 distribution centers.
Dollar Tree made a symmetrical triangle near the...
🔸️Ticker Symbol: $DLTR timeframe: 4H 🔸️3X Bull Pattern 🔸️Investment Strategy: Long
TECHNICAL ANALYSIS: With $DLTR opening up tomorrow's market with an ER, there may be some positive outlook on the outcome. So far in 2022, $DLTR has been on fire on company operations. The last 3 ER have led to significant jumps on the price action, and top analysis see no...
Dolar Tree is in a confirmed uptrend and after a retest on support at $125, the price has formed a cup & handle with less of 30% throwback, this correction came after bad news on NYSE:WMT . That's why stocks like NASDAQ:DLTR and NYSE:DG came right back up. This shows strength and leadership in its industry.
Inside the handle it has formed a shark pattern...
Notes:
* Very strong up trend on all time frames
* Great earnings in the recent quarters and in general
* Creating a base on base pattern for the past ~8 months
* Price is mostly keeping above its 50 day line since mid April with a few dips below
* Volatility is contracting with signs of accumulation
Technicals:
Sector: Consumer Defensive - Discount...
The stock DLTR on our watchlist crossed a low risk enty point and generated a buy signal, we have added the stock to the JS-TechTrading portfolio.
SL is less than 5.74% (SL at 161.9), profit target is > 12%.
DLTR has a high relative strentgh (IBD style) and broke out of a volatility contraction pattern earlier today under high volume . Until now, the price /...
The PEAD projected a Bullish outlook for $DLTR after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 87.5%.
Notes:
* I last spoke about this on July 6th, 2022 as it was coming up off of its 50 day line.
* Since then it has consolidated with lower than average volume (building a handle) and now it seems like it's ready to push higher as volume's coming in.
* It also printed a Pocket Pivot in the previous session indicating that it may be ready to go higher.
* Everything...
Notes:
* Very strong up trend in all time frames
* Great earnings
* Building a base on base pattern
* Coming up off of its 50 day line with volume
Technicals:
Sector: Consumer Defensive - Discount Stores
Relative Strength vs. Sector: 2.53
Relative Strength vs. SP500: 1.45
U/D Ratio: 1.12
Base Depth: 36.34%
Distance from breakout buy point: -5.45%
Volume...
