DG (earnings run up) NYSE:DG engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg's, General Mills, and PepsiCo.
-A M Harmonic pattern was formed for a bullish momentum push for earnings this week.
-Following the Red resistence trend line up to the forecasted (circled in blue )is $184.24 on the FIB Retrace.
-MacD crossing the 0.0 pivot point signaling bullish momentum.
In the 3 month time frame we do see DG overbought I do expect alot of people to take their profits after earnings call this week.
OPTIONS PLAY- set up a weekly 3-option run up. 1 ATM call, 1 ITM call and 1OTM around $183 Strike price.
Day of earnings play the runup to expected price target and sell. I am expecting a pull back for earnings due to the slight sideways and loss of momentum they've had.
LIKE and share
will be updating
