dltr demand zone double bottom!!making a double bottom in a demand zone paired with bullish div on rsi looking for a clean break of 162.12 for a move back to ath
0IC8 trade ideas
DLTR Monthly ChartParallel lines can be drawn showing two channels
Succeding these channels a sharper upward phase can be seen
This is what price is experiencing now
$DLTR with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $DLTR after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 75%.
DLTR SHORTBreak of a rising wedge, the larger the time frame the heavier the momentum! SHORT this bad boy.
The S&P 500 Is Down. Dollar Tree Isn’tAt times of broad market weakness like the present, it can be interesting to find stocks unscathed by the selling. Dollar Tree appears to be in that camp.
The discount retailer has remained above its 100-day simple moving average (SMA) during the entire downturn of 2022. This stands in sharp contrast with the S&P 500, Nasdaq-100 and Dow Jones Industrial Average, which are mired below their 200-day SMAs.
Second, Bollinger Band Width has been slowly expanding after squeezing into a tight range. That may suggest prices are starting to move again.
Third, notice that the expansion is occurring near the late 2021 highs. In fact, DLTR achieved and record closing high on Monday.
Finally, MACD has been gradually working upward since the beginning of February.
This comes against a backdrop of improving fundamentals as management raises prices and activist investors successfully achieve board changes.
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Dollar Tree Inc USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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Earnings watch 3/2 pre-marketEarnings watch 3/2 pre-market:
DLTR
ANF
PSFE
GSL
SSU
AMRX
BHG
VLN
DIN
OSW
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
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pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
3TV - 3x volume test
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Breakout $DLTR VCP Pattern.1. Great volatility contraction at the bottom.
2. Possible VCP Pattern with great tightness.
3. Relative Strength during correcion with low volume.
(US) DLTR Weekly Breakout Huge BaseDLTR experience breakout it huge base (1386 days) on mid Nov with solid volume.
Price experience minor pull back for 1 month and attempt to break new high ground again.
Daily chart shown to have short base VCP setup. It also shown the resistance to drop while overall market experience major drawdown.
Let's see how it act.
Disclaimer:
Not buy call recommendation, just my sharing on technical analysis based on chart pattern development. Trade at your own risk.
DLTR - Dollar Tree, Inc.Bought position as the stock came thru the high-volume pivot from Dec 10. The stock has been one of the strongest in the market, gapping up and out of a very long-term base on an analyst upgrade in November and having a very strong day on earnings.
Since earnings, it has digested its move very orderly and with very low volatility. It looks like it may be ready to attempt another leg higher, but since this name does not have the strong earnings numbers I usually look for, I will be aggressive with profit taking.
Stocks To Watch This WeekThe Market's longer term uptrend still intact and things look cautiously optimistic. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 18 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
$DTLR / Long$DLTR has a lot going for it...
BULLISH
Is in a Stage 2 uptrend with price above a rising 30W MA.
Relative Strength is above its zero line.
Price moved up aggressively before consolidating for 21 trading days (just over 4 weeks).
The consolidation has seen 2 complete contractions. The first is 11% the second 7%. The current T is super tight with a 2% range.
Very little supply is coming to market with multiple green and red dot volume days (vol 40-60% below average).
Price action shows 2 very tight zones (including the current T). There are also multiple tight candlesticks and inside bars within the base.
The last bar is an inside bar making it actionable on the daily timeframe.
...but the fact price remains in the lower half of the base is a worry.
BEARISH
The last above average volume day printed a bearish bar (Dec 17th) although that day was quad witching.
Price hasn't printed a high low and the pivot buy point is sitting in the lower third of the prior T's range (low cheat).
$DLTR (Dollar Tree)Dollar Tree of Trendline support.
Bouncing off support with gap area to fill on the upside.
Took the 12/17 140Cs @ 3.08/contracts currently up 3-4% ROI.
Trade Action Plan:
Looking for the move to 137.85 & Above.
if this move can happen then expecting the gap fill to 140.30
Price targets above 137.50:
PT1: $138.50
Pt 2: $140.50
PT 3: $141+
DLTRDLTR - just got upgraded to $140 and it looks to be well on it's way on this upward trend it will be interesting to see what it does with all these inflation concerns if it will keep climbing or if it will get pulled back dramatically
I'd much rather be short here after this pop on thin news.. DLTR(Opinion only)
Seems to be forming a bear flag. Near-term pull-back down around the open gap area.
DollarTree ($DLTR) TIme to Make a DecisionIt looks like we are going to get a 4th test of the $120 resistance area this week going back to 2018. If this accepts over $120, look for a powerful move up towards $155. If it rejects, look for support at $106 and $97.
Breakout Trade Idea for $DLTR$DLTR is coming out of its consolidation and downtrend and is resuming uptrend slowly with good pace. It can be a good buy for medium to longer term trading or investing. Buy $DLTR between 102-4 with SL 92 and hold it for next 6 months to 1 year for good profits. Target open
Disclaimer: For Educational purpose only. All disclaimers apply.
DLTR long with volumeHas lots of room but really weak volume last week. 200 MA has also historically served as support/reistance. Long with volume and 200 MA break.
Dollar Tree, Inc. Increases Share Repurchase Authorization to $2DLTR: Dollar Tree, Inc.
2021-09-29 07:30:00
Dollar Tree, Inc. Increases Share Repurchase Authorization to $2.5 Billion
DLTR⬆ BULLISH
MktCap $24B
Price $103.51
Price target $109.98/ 122.24
Stop loss $100.23
The weekly chart is nice.
In my opinion.
Expect better from Dollar Tree $DLTRFor the last few years we have seen DLTR stuck in a range between 67-115 (smaller range from 88-115). For this stock to continue and not offer some kind of dividend (I believe we are out of the growth phase) is unheard of.
If you compare the growth in retail at the moment between say TGT and BBBY, I know it's a stretch but this pricing needs to be adjusted somehow. ATM we are neutral to negative on DLTR looking for some kind of direction out of this range. Pick a side, either you are growth or you are looking to pay a divdend, we don't believe either at the moment.
DLTR, Long A bit early here but good entry from risk stand point and I like the sign of market maker accumulation . Willing to get stopped out a few times here though too and keeping stops tight . 50sma would also be a good level to get active I think , or add.
110.32 in with stop at 98.88
