DGG trade ideas
Trade idea for DGAnother trade idea active on DG
Entry at $107.20
Target at $112.35 and 2nd target at $127.12
Stop at 102.77
DG bullish run on for months. Tis pullback set it up for a good buy opportunity, get it at a discounted rate.
Earnings in December so little time for the run.
it has the potential to achieve 6.52R at a target 3 of $136.15 be aware of the resistance at $111 and lock in profit as you go.
$DG - Whoa der Pretty interesting one. $DG most recent drop was in part to earnings, but haven't been over the report to find out details (yet). Beginning of 2018 was easily a great start to the year (as was for... just about every sector) but for dollar general in particular ; accumulation / distribution seeing highest level since 2012 (before plummeting). Even then, recovered & back to AD resistance. Money flow divergence telling a story of itself, but fed CCAR part of the stress test this week & even my attention is more towards financials. Definitely wana see price drop back to 141% - $161 fib level & make new support ($96.95 / $97.50) before consolidating. Next ER is 09/03 so just over 2 months to (potentially) make new ATH's (Current - $105.82). A1 target price has my eye around $107.50. I wouldn't bet on the 314% fib testing that resistance, but I sure as shit wouldn't count it out either lol. Assuming price doesn't fall below 180WMA again - definite potential.
go longI like this stock and this is why:
There is a really nice breakout of a flag pattern.
The candle today was very strong and did engulf the candle of yesterday so that shows the power of the bulls.
When you see a nice move up like that, the stock usually retrace after that and this is what happened, the stock did retrace and after a retracement there is often a continuation from the prior move so i think this is what will happenend. There is room on the upside after a nice pullnback like that so im expecting a move on the upside.
Dollar General Corp (DG)DG is a good profitable company with consistent growth.
drop off to 68$ 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$.