Be careful with DG in the upcoming weeks.DG likes to make significant highs in July in the log scale weekly chart and correct itself significantly. A swing trade idea would be to look for a top near end of July.
DGCO34 trade ideas
DG: To the Moon!Well, clearly DG never got the message that last week's rally was beginning to lose steam. They're taking off in a rocket to the moon. I usually write up very detailed technical analysis, but I can only say that this rocket is launching because every indicator says buy more and more and more (except RSI because that indicator has acrophobia).
$DG $$ STORES THRIVE IN DIFFICULT TIMES. BUT CHINA HIT MARGINS******MARGINS MARGINS MARGINS MARGINS, just how much has the trade war hit NYSE:DG margins? That is what we will find out in tomorrow's earnings and just how well the supply chain has been changed to counteract tariffs. As you would expect margins are extremely tight in this sector of retail, a negative figure may be forgiven. From a technical perspective the stock price is at a pivotal point between uptrend and downtrend support and resistance, we are biased towards a upward move on earnings despite market sentiment.
$DG Bearish RSI Divergence$DG showing a long trend of RSI divergence. Expect this to fall soon. Maybe have one more small push up to $125-$130 before heading back down.
Long DGI played a put position overnight due to bad market condition knowledge from Dollar tree earning last week.
However, i liked that DG earning call mention share buy back and increased dividend
This will probably make dg a buying opp today.
Looking to catch the bounce at $110.80 with a stop loss at $109 and take profit at 116ish.
perfect bearish sharkI hate gambling on earnings (in 2 days) but with how much the algos have respected the pattern's PRZ in the past month and money flowing out there's something going on here... Gonna roll w/ Apr 110 puts (pretty cheap) here and see what happens.
Megaphone topPlanning to make my $ back on this joke... Might still keep going up to complete this requisite cup n' handle pattern and breakout to upper TL like it did in november.
DG stock is highly correlated with bonds DG's relative performance vs SPY is highly correlated with TLT on a weekly basis. Recent breakdown in correlation gives a good trading opportunity
Either DG is mispriced vs SPY or TLT is very cheap
DG going down to median lineJust broke down from its rising channel. Divergence seen on Acc/RSI/MFI (tho not a real double top, but close enough) Not many stocks these days where you can see distribution on the daily TF so I think it means something...
CALL Entry For Weekly OptionEMA crossover
RSI indication
MACD crossover
Break of previous Peak/Valley
Huge H&S Watching for rejection from either lower trendline of previous rising wedge or top of current downward channel... Neckline indicates a PT of gap fill around $89. A breakout above $112 (left shoulder) invalidates the trade for me.
DG - Day trade setup Is this gets below my enter line you can trade this to the 200 MA on the daily chart. You can use put options for people low smaller accounts. don't get in early way for the break down.
DG retracementAlthough this is a retracement trade, price recently made a break from consolidation and is now testing trendline support and of course 50EMA.
A bullish divergence has also formed on Stochastic.
SSB: Follow entry guide as per usual.
$DG Bearish Rising Wedge on Declining Volume$DG Dollar General - Bearish Rising Wedge on Declining Volume.
See chart for two possible near term targets.
Note: Informational analysis, not investment advice.
Swing - DG - October 21, 2018Based on my proprietary indicator (in testing mode):
Long
Entry on green arrow
Exit on red arrow or stop loss or target hit
Short
Vice versa
DG - watch listZacks Rank: 2-Buy 2 Style Scores: B Value | A Growth | D Momentum | B VGM Industry Rank: Top 9%(22 out of 255) Industry: Retail - Discount Stores
comments welcomed
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.
Dollar General reached an all time high, earnings in 2 days..so?Dollar General hit an all time high 4 days ago at $109.05
It found a good resistance point and its now struggling to keep that high.
Could that be an indication of the earnings results in 2 days?
Entry: $108 (23/08)
BUY! BULLISH INDICATORSDollar General popped up on my scans today.
Weekly Chart looks BULLISH
Accum/Dist, On Balance Vol, Stochastics, MACD and RSI are trending up BULLISH
POSITION: 5000 SHARES
PRICE: $103.77
$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.
