DGCO34 trade ideas
$DG Buy on GREAT monthly closeDollar General price closed decisively on the daily, weekly and monthly periods.
$DG getting ready to flyAfter almost a year long consolidation between $67.50 and $79.50 it looks like it will try to break north. Could see some more consolidation around $80-$82.50 but after that it should revisit the highs. This is a long term play, could take a year for it to reach the highs
go longI like this stock and this is why:
There is a really nice breakout of a flag pattern.
The candle today was very strong and did engulf the candle of yesterday so that shows the power of the bulls.
When you see a nice move up like that, the stock usually retrace after that and this is what happened, the stock did retrace and after a retracement there is often a continuation from the prior move so i think this is what will happenend. There is room on the upside after a nice pullnback like that so im expecting a move on the upside.
dg longDOLLAR GENERAL AT TREND LINE SUPPORT AND IN SUPPORT AREA
I THINK WE GET A GOOD BOUNCE TOMORROW
Dollar GeneralIn my view bullish flagg with the opportunity to move nearly 84 USD. The Stop must be somewhere at 69 USD. So with an entry at todays condition the risk/reward ratio is to bad to trade. Well, probably use a limit buy nearly 75, where is the 38.2 % retracement of the move.
$DG Dollar General at major resistance now$DG Dollar General at major resistance now. It is at boundary condition on it going lower to retest the low or breaking out to fill the gap .
Dollar General Corp (DG)DG is a good profitable company with consistent growth.
drop off to 68$ because The earnings reported missed the analyst consensus estimate by 0.01$.
close to 200 moving average and rsi is on 30.
a very strong support at 66$ should at least short squeeze to stock to 70$ - 75$.
Bounce expected at $74I would buy 1/2 position at $74 and I would fill the rest of position if it comes down to $70.
Is this a Falling Knife or is it this a BUY ?This is good stock to see what will happen around $70.47 region. This is a weekly chart looks like a weekly the trend is in motion . Wait and see what will happen on the daily support Zone.
Short if bounce
Divergence between price & technical indicators
Recent price movement shows a potential completed structure
Broke the up trend line
will short if bounce back
$DG (D) Discounts Soon Available. Near term bearish.Strong start YTD. Rolling back towards ema50 (Red MA). It may not touch, cross, or dip this attempt. But it might provide a long entry for interested parties after this near term bearish correction.
*Note: Given time and price action, ema50 always catches up to price before continuing or reversing.
DG, long trade on a oversold stockWe do have an uptrend. After three consecutive days , we see the oversold status of the indicators as our entry signal.
Our target is the last five days high. and our stop is 5% below our entry point
DG Day Trade Retest Gap (Brad Reed Mar12,2015)DG expected to open at 73.85 for a Retest Gap To learn to trade this strategy for free, go to www.RealLifeTrading.com
