DG Similar Formations Comparable periods in compatible colors
Price will extend to the upper white line and complete its last move to orange circle
DG
DG potential to increase 100%#DGUSDC
$DG is trading inside a triangle and near to break one side.
break out from upper line will take price toward $0.427 and $0.487
and breaking down from support zone will drop price to $0.0183.
Dollar General entering buy zoneBased off volume profile, it looks as if DG might be bouncing back pretty soon. After this ER dump, I expect it slowly sell off to around the 165-150 range, where i’ll be buying.
Entered a couple of DG august contracts today, and looking to buy more at anything below 160.
DG Long Term SupportA few days late to see this but in line with my thesis on Consumer Staples being the next sector to perform in the market NYSE:DG hit a long term 50% retracement level support around 175. I would be looking at this to retest the high in terms of price action. Unfortunately even at this level the dividend yield is rather low (0.79%).
DG: What Next?I expect this next week for Dollar General to be an overall green one, but with very little movement. DG has been struggling to maintain its price above the 200 MA, currently resting above it by a thin margin, and last week found resistance at the 50 MA, which ironically was at our $205 price target for last week. Worst case scenario, DG falls to test its proven support around ~$191~. Either way, I expect a retry to surpass the $205 mark in the coming weeks. Only time will tell. **NFA
Since mid Oct, hidden reveal from 4 big names of Consumer Disc.Since mid Oct, this particular group of marquee Consumer Discretionary stocks - McDonalds MCD, Dollar General DG, Home Depot HD, Lowe's LOW - show a deteriorating pattern which the Dow DJI and the NASDAQ indices do not.
**DLTR** I feel like Charlie from Its Always SunnyBut in all seriousness this chart looks really good, and It it follows these resistances and supports it could lead up to ATH. The Pivots line up perfect with the convergence of the lines. If the EMAS cross the 200 EMA then I will enter a Long position
$DG- I love this long, but is now the right time?$DG has generated alot of cash for me and for options contract buyers its a great long exp buy. Obviously Equity buyers included in this. Right now we are sitting at a major resistance , and if we break my first PT would be $225.35. After that we are working through ATMs but thats how stocks work at ATM. you never know. One thing to watch is $SPY . $DG moves along side $SPY and if we break to the downside I will be watching for a divergence from SPY to see If the pullback is real or not. If DG hovers while SPY dumps then when the market bounces it should present a nice buying opportunity. I will be signaling these in our group this week, and hopefully posting some more videos on these tickers in particular. So right now I am hoping for a gap up, over resistance and then a retest to send us on our way. ATM highs can be scary, but if the volume is higher then we could see a nice push! Thanks for listening!
☹ You Walk In, Only To Discover Everything Is Not 1 Dollar! (DG)🤔 Dollar General parallel impulse channel identified, We currently sit near Resistance.
I'm leaning towards a short on this one. We will show the next key levels to play on a lower timeframe to show you where we will be taking a short position. 165.38 is a key area of old Resistance that we could see be tested as new support. If this were to happen, we would be looking at roughly a 13% move.
Will share lower timeframe analysis below. 😁
Best of luck. 🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
DG Dollar General: Fry Pan Bottom, Kicker Signal, ConsolidationDG Dollar General: Fry Pan Bottom, Kicker Signal, Consolidation, economy is opening, lost jobs, people will be looking to save $ on everything. Looks Like DG is going up as long as the overall market will hold.
Is DG Gonna Make it Rain Dollars 💲💲💲? | DOLLAR GENERAL ($DG)💸 The only thing that looks better than Dollar General's earnings outlook is its chart. This one is easy to be bullish on, especially with people getting back out to shop during the initial reopenings. That said, if there was any reservation here it would be that there has been some FUD recently around Dollar General not paying workers enough. Although the bad news is pretty bad and should be taken seriously, there is still room to look for a long setup here.
Resource: www.earningswhispers.com + www.nbcnews.com
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1. Fractal Trend is showing an uptrend (Aqua bar color) on the 1 hour timeframe. This is indicative of the long term bullish trend for DG (especially post-COVID).
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua line color) and/or bullish S/R levels plotted by Directional Bias (Aqua line color).
3. Right now we are looking for a long entry off the S1 bullish S/R flip which we expect to act as support.
4. Our stoploss is placed just below the bullish orderblock below that level and its logic is explained on chart.
5. Our target is R1 range highs which gives us a solid 3 R:R.
6. If S1 doesn't hold for whatever reason, S2 is the next best hope for bulls, while S3 is technically support but will only be reached if the current uptrend is compromised.
Good luck traders!
DG (earnings run up) NYSE:DG engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg's, General Mills, and PepsiCo.
-A M Harmonic pattern was formed for a bullish momentum push for earnings this week.
-Following the Red resistence trend line up to the forecasted (circled in blue )is $184.24 on the FIB Retrace.
-MacD crossing the 0.0 pivot point signaling bullish momentum.
In the 3 month time frame we do see DG overbought I do expect alot of people to take their profits after earnings call this week.
OPTIONS PLAY- set up a weekly 3-option run up. 1 ATM call, 1 ITM call and 1OTM around $183 Strike price.
Day of earnings play the runup to expected price target and sell. I am expecting a pull back for earnings due to the slight sideways and loss of momentum they've had.
LIKE and share
will be updating
Dollar General $DGAfter breakout, It is pulled back and not it is trying to find its support at 20SMA. If it keeps in the zone, will bounce back
Examining expired Machine Generated Signals.Examining expired Machine Generated Signals.
www.signalclub.io
IXB Short ! 72.39%, OCT19 WK2
=> Up from.. 76.82 to.. 74.63
DG Long ! 61.73%, OCT19 WK2
=> Up from.. 160.97 to.. 164.
ALK Long ! 61.73%, OCT19 WK2
=> Up from.. 63.51 to.. 67.52.
UGAZ Long ! 61.73%, OCT19 WK2
=> Down from.. 14.96 to.. 12.38. MISSED.
This is one of the Past Signal published for 2nd WK, OCT.
(Effective Date Oct 6~11)
STOCKS XBI Short & DG Long | OCT19 WK2 Wkly. (Expires. Oct 11th)Machine Generated Signals. OCT19 WK2 Wkly
STOCKS | XBI Short & DG Long (Expires. Oct 11th)
Become a Free Member | signalclub.io/signals
AMEX:XBI
NYSE:DG
Long DGI played a put position overnight due to bad market condition knowledge from Dollar tree earning last week.
However, i liked that DG earning call mention share buy back and increased dividend
This will probably make dg a buying opp today.
Looking to catch the bounce at $110.80 with a stop loss at $109 and take profit at 116ish.
DG stock is highly correlated with bonds DG's relative performance vs SPY is highly correlated with TLT on a weekly basis. Recent breakdown in correlation gives a good trading opportunity
Either DG is mispriced vs SPY or TLT is very cheap
