DLTR - Dollar Tree, Inc.Bought position as the stock came thru the high-volume pivot from Dec 10. The stock has been one of the strongest in the market, gapping up and out of a very long-term base on an analyst upgrade in November and having a very strong day on earnings.
Since earnings, it has digested its move very orderly and with very low volatility. It looks like it may be ready to attempt another leg higher, but since this name does not have the strong earnings numbers I usually look for, I will be aggressive with profit taking.
DLTR
Expect better from Dollar Tree $DLTRFor the last few years we have seen DLTR stuck in a range between 67-115 (smaller range from 88-115). For this stock to continue and not offer some kind of dividend (I believe we are out of the growth phase) is unheard of.
If you compare the growth in retail at the moment between say TGT and BBBY, I know it's a stretch but this pricing needs to be adjusted somehow. ATM we are neutral to negative on DLTR looking for some kind of direction out of this range. Pick a side, either you are growth or you are looking to pay a divdend, we don't believe either at the moment.
DLTR - Looking to longDLTR has been trending and gapped down after earnings. It's been consolidating in this range and formed a pennant. We are also forming in the daily a ttm squeeze. I wanna see DLTR get above the 6day SMA and have the emas trend bullish.
Contract Suggestion:
BTO DLTR 7/16 100C @ .96
DLTR shakeout last week before push higher?!DLTR possible shakeout last week before push higher. I was part of that shakeout :). But still looks good with an entry over 117 now that there is a nice doji buy back candle on Friday.
This is a big macro level that was tested in Jan 2018 and October 2019. Very bullish chart!
The case for DLTRDLTR is probably the biggest champion in the pandemic. It has ultra low cost goods and a large base of stores nation wide. Q4 revenue and profit margin were huge for DLTR. Technically, the stock looks great through the small earnings flag at 109.
The descending channel paired with a bullflag after breaking out of the channel. All this stock needs to do is stay above this channel for a move higher.
**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
Setup of the Day / DLTRToday we have a long setup to share. Here you will see a full explanation of how we will proceed.
Main items we can see on the chart:
a) The price is bouncing from a Daily Support zone (that allow us to look for long setups)
b) On the 30 minutes chart, we can see a Broken descending trendline
c) Currently, we have an ABC pattern (Flag structure). From a technical perspective, this type of formation is considered a bullish one
d) Based on that, we will open positions, set a stop, and take profit on the levels you can see on the chart
e) Our Break Even level is the yellow line
f) The Risk-Reward Ratio we have on this setup is 1.5
g) We will take this trade using a 1% risk of our Capital
h) Remember: Trade safe, protect your capital, and always understand what you are doing.
NASDAQ:Dollar Tree DLTRThe market is extremely volatile right now. Shorts are getting higher. It's not easy to find a good business with a good technical setup right now. However, NASDAQ:DLTR Dollar Tree looks promising. The breakout last week might give us a shot at $99 conservatively. However, we are treading on ice right now and anything might go south, so keep a lookout and keep your stop-loss tight.
Anything below $76 invalidates this outlook.
NEXT WEEK IMPORTANT MOVE - DOLLAR TREE INC - 240MN - MY IDEAThank you for your likes! Well appreciated support! Please share to benefit the community. Thanks and enjoy!
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We observed that the DOLLAR TREE INC price have been going up but ranging between two very important lines.
The support blue line and the top resistance which has been at a higher level in the past.
This pressurized the price which try to get out of triangle range . Several pullbacks confirms our idea.
This has illustrated a very high pressure zone in which the market will be evolving from next week.
Next week is crucial!
We can't at the moment confirm at 100% a certain direction but the probability of seeing the market opting for the short side is higher because of the presence of a SUPER resistance above.
We can stay ready to enter :
- When one of the blue lines will be broken
- When a large candlestick will be formed .
Possibilities:
-The market could retest the support line to get some power on super pullback up, strong enough to break the resistance.
-The market could again test the resistance and break the support line . This would be the best for all traders as that support line is easier to break and is more likely to create opportunities for large profits.
Will Dollar Tree pickup volume to break Fibo resistances?Dollar Tree has been in a downward spiral for quite some time... Huge (down) gap after Earnings... Coronavirus might hurt its Supply-chain short-term... but if volume picks up and it breaks the Fibo line, it might rebound and try to close the gap left behind. What do you think?
$DLTR Plummets to Test Major Band of SupportDLTR
Shares of the stock dropped hard on Tuesday after company noted cost pressures driven by Chinese tariffs. Stock is testing band of support that has defined the DLTR chart going back 14 months.
Dollar Tree, Inc. (NASDAQ:DLTR) just reported Q3 EPS of $1.08 vs. the $1.13 consensus and revenue of $5.75 bln compared to the $5.74 bln estimate. The company has now missed analysts' EPS expectations in back-to-back quarters. A big driver for this underperformance is tariffs on Chinese imports, which impact about 40% of the company’s product margins.
For Q4, the company guided for EPS of $1.70-1.80 vs. the $2.03 consensus. This Q3 miss and weak guidance caused DLTR to cut its FY20 EPS guidance to $4.66-4.76 from $4.90-5.11, below the $5.11 consensus.
The company anticipates that tariffs will increase cost of goods by $19 mln in Q4, with most of the impact resulting from upcoming List 4 tariffs.
The stock was pounded in Tuesday’s action as a result.
Dollar Tree, Inc. (NASDAQ:DLTR) frames itself as a company that operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar.
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