DGG trade ideas
BUY DG Monday open buying DG230616C00155000 / DG230630C00165000 / DG230721C00185000
Along with a long position. I hope to get in at $150 or just below for all.
Dollar General has more downside and reversal zone identifiedThis idea is based on Wyckoff's method for determining price objectives using the Point & Figure count of the distribution ranges. We can see a complex distribution range existing of 2 different types of distribution patterns at the top.
The yellow range is based on Wyckoff's distribution schematic 1 and the white range is showing a type 2 distribution schematic.
If we take count the ranges separately, this yields a potential reversal zone between 108.50 and 89.50 dollar per share.
All other information is on the chart.
Good luck,
NQDecipher
DG has broken its downward trend, showing upward potential.DG recently broke through its downward trend and touched its support line to bounce off upwardly.
DG has an inverse trend to the market due to its budget focused audience. During poor economies DG should rise.
DG sold off quiet a bit as traders became optimistic about the markets conditions in early 2023
Lately new fears of recession are forming making DG a safer bet over tech sector.
DG currently in the low end of its cycle make it good choice for upward momentum
Dollar General (DG) a recession stock is Trending UpDG had a swing low in mid-March. While it has retraced well, it is still 15% below the YTD high
On the 2H chart, the retracement uptrend is accompanied by a persistent volume of about 2X
that of March and before. I am supposing that with an early or light recession underway, value
sensitive consumers are delivering DG more revenue from its retail operations and will continue
to do so. The zero-lag MACD is showing a buy signal; I will take a long position and watch
for signs of overextension or loss of directional strength as an exit in due time.
DG Forecast Up Through mid-MayMy first published idea on TradingView...let's see how the forecast does.
20230422 Forecast for Dollar General (DG).
Date and price target: 5/16/23 - 6/14/23: 240.00 (+8% from 218.22 on 4/21/23)
Dollar General to see an uptrend?Dollar General - 30d expiry - We look to Buy a break of 222.52 (stop at 216.52)
The primary trend remains bullish.
This stock has seen good sales growth.
Short term momentum is bullish.
A break of the recent high at 222.21 should result in a further move higher.
The bias is to break to the upside.
Our profit targets will be 237.52 and 240.52
Resistance: 222.21 / 227.00 / 232.00
Support: 218.00 / 212.50 / 210.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Channel DownDG has broken down from a Descending Triangle and appears to be in a channel down.
Targets 1,2 and 3 have been met.
Spinning top today/indecision
No recommendation.
EPS (FWD)
11.24
PE (FWD)
18.36
Div Rate (FWD)
$2.36
Yield (FWD)
1.14%
Short Interest
2.10%
Market Cap
$46.15B
Dollar General to breakdown?Dollar General - 30d expiry - We look to Sell a break of 212.47 (stop at 220.62)
Daily signals are bearish.
The sequence for trading is lower lows and highs.
A clear break of 215 and we would look for further losses to 200.
Our outlook is bearish.
There is no clear indication that the downward move is coming to an end.
Our profit targets will be 193.53 and 190.53
Resistance: 218.50 / 222.21 / 225.00
Support: 212.59 / 205.00 / 200.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
#DG bullish weekly reversal @ yearly pivot Hello dear Traders,
Here is my idea for #DG
Price closed above yellow line
Targets marked in the chart
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with like, thank you!❤️
$DG with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $DG after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 81.82%.
DG ShortIn sideway, near resistance
Trendline break + retest
Earning 8/25/2022 Estimate 2.90
Short 231
Stop 242
Target 185, 167
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Earnings 12-1 BMOLooks like a Rectangle with another support level inside that was tested today.
Possible small symmetrical triangle that is almost an ascending triangle with a flat top line, but not quite. There is a slow sloping down of the top trendline.
Long Legged Doji at support/ representing some indecision.
Earnings soon and it looks as if DG is expected to do well.
Tough to buy a security when earnings so close.
Short interest low at about 1.67%.
No recommendation.
Ascending Broadening WedgeThis is a neutral pattern.
If a trendline is broken then one could trade in that direction.
Or this could just get wider and wider like a megaphone.
No recommendation
DG | Long | 20 oct 2022I see huge upside potential for this stock. this stock was quiet strong when market was likely to fall. I think there could be bullish up moving
DG WeaknessLikely retracement trade setup.
Inverted Monthly MACD ; Pulling away from Pandemic ATH
From a fundamental standpoint, this industry is in a soft market in a soft market, consumers likely drawn back to other stores with the amount of deals to be seen going into the holiday season.
Target 205.14- 192.05 -by EOW -WK 1 of New Year
DG: breaking key reistance?A price action above 241.00 supports a bullish trend direction.
Crossing below this level will negate the bullish stance.
Further trend support above 245.00.
Crossing above the 248.00 resistance might target 255.50.
Crossing below 243.50 might be the first sign of pending weakness.
DG:Correction due?!Dollar General
Short Term - We look to Sell a break of 242.72 (stop at 250.70)
Following yesterday's bullish candle, the overall trend higher looks set to reverse today. Trading within the Channel formation. The bias is to break to the downside. A break of support at 244.00 should lead to a more aggressive move lower towards 220.00.
Our profit targets will be 220.05 and 204.00
Resistance: 256.00 / 265.00 / 280.00
Support: 220.00 / 204.00 / 184.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Retail leader $DG with tight baseDollar General is a huge discount retailer that plans to get even bigger.
After a nasty island reversal in May, NYSE:DG has recover very well. This tight action in price has caught my eye and today is making an inside bar with pivot buy at $256.10.
You can even say that is forming a cup & handle.
The bad thing is that it publishes earnings next week so, expect volatility. But, as the I like this base, I'll buy half a position and wait confirmation with a breakout above $262.50.
NASDAQ:DLTR is another retail leader that is making the same pattern.
Shorting DG I opened a short position in DG this morning and am sharing my basic plan. To me this seems obvious. DG is a value store though and if this is truly a recession, which I am not convinced of, would be the only reason this trade fails. Like anything manage risk but this seems obvious to me. Am adding more if it goes higher. Use SL you feel comfortable with. Just give it some room though. This is in serious need of correction.
Sorry this is a bit rushed but wanted to get it out as fast as possible.
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 with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $DG after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 57.14%.
Dollar General (DG) LongMissed the Undercut and Rally on May 23 which also shows up like a short pipe bottom on the weekly. Hoping there's some gas left.
