Long Mid Term Play#bumpandrun , #dragonpattern is forming , I think today we are witnessing the total break down of the major downtrend , should the 50-200Ma crossing hold , Im thinking a short term rally is just starting and after a pull back to the cluster around the blue trend line and the pitch fork that was just broken out of ... with targets of 85$ within reach in first half of the year. lets see, will play it by ear though as we move along
DOL1/N trade ideas
will this breakout in a day or 2 or form a falling wedgethe two indicators show a bullishly diverging macd and RSI . Moreover, because it's currently resting on the support there is a good chance it may breakout soon. If not it may form a falling wedge and breakout at a later date. In my opinion there is not enough downward pressure to break bellow the support but we shall wait and see.
This is worth a close look for the next couple of weeks
Dollarama: Investors Exaggerated Latest EarningsDollarama is the only 'dollar store' in Canada and has actually posted some pretty good numbers and growth over the last decade and is setting themselves up for continued growth in years to come - especially as the global economy remains uncertain.
While their operational costs increased based on opening more stores - overall investors exaggerated this "increase" and have sold the stock off.
At this point, the stock will likely close the gap at $40 and from there a lot is worthwhile. It is also possible a slightly positive double bottom around $35 could happen but it would likely take some sort of widespread market correction to get it that low.
A great stock for capital appreciation from the $40 level.
- zSplit
Dollarama closing key levelStrong selling pressure this week could push price below the key level $34.66. This, combined with bear predictions for next week could drive it down to the lowest support level of $31. Watch price Friday into next week for further downward momentum OR strong rejection at the 34.60 level combined with a volume push. No Position.
DOLLARAMA FEVERHey guys,
Many of you probably didn't notice - Dollarama outperformed most of the high tech stocks for the last 8 year - yes, including Amazon and Apple! Don't forget it's not about who is fancier, it's about performance!
Although, I am looking for a Dollarama short opportunity at these levels. Keep your eyes open!
Keep it Real!