Dollarama steadily rising trend is approaching toward a key resistance at 85.75. The ongoing pattern suggests that Dollarama’s stock price is about to break above the key resistance reaching to 97.8 target by the end of this year. Stock is currently trading above 200-day moving average which indicates the long-term sentiment is not bearish.
If stock price is...
Dollarama steadily rising trend seems to have stalled since Aug 2022 when stock price struggled to move above 83.5. Although the long-term bullish trend still is intact, however some signs of upside exhaustions indicate the possible downside risk toward a range between 73 and 75.4.
Dollarama’s stock price is currently trading above 200-day moving average which...
The Canadian dollar has started to increase and it seemed it has a long way to go. Dollarama is one of the vital veins of the Canadian economy and the minor recovery in the economy would change this stock to a skyrocket!
% 4-5 is the easiest target for now, but in my humble opinion, $100 is not so far from today.
For those who are interested in my TSX watches:
DOL is one that I play frequently as a swing trade whenever a long opportunity presents. However, the TSX seems pretty late to the game in terms of the world dramas (recession, interest hikes, etc.) however the TSX Index has fallen quite a lot, with XIC (TSX Index ETF) falling 14.8% from its recent ATHs.
As is the...
35% increase from pre pandemic has not priced in the growth and expansion thats coming DOL's way for sure and that along inflation and belt tightening times and 5$ prices can easily push DOL past the 80$ mark , on technical side a long time channel has been broken upwards signaling a new lower and upper bands
I really do not know anything about technical analysis but for the last few years, it sounds to me that DOL stock has a way to grow right after the 31 of Oct. Maybe I am fooling myself. What do you think ?
Usually after earnings they've fallen shortly after. Sometimes they get a nice pump then a collapse, it seems like the last earnings call was that pump, and the result should be a nice collapse before an inevitable pump
After long period of consolidation and a zig-zag type of action, Dollarama has successfully cleared the resistance around $57 on the weekly chart.
The business model proved itself to be resilient to COVID as stores remain open even during lockdowns. More gains to come?
