0IC8 trade ideas
The case for DLTRDLTR is probably the biggest champion in the pandemic. It has ultra low cost goods and a large base of stores nation wide. Q4 revenue and profit margin were huge for DLTR. Technically, the stock looks great through the small earnings flag at 109.
The descending channel paired with a bullflag after breaking out of the channel. All this stock needs to do is stay above this channel for a move higher.
Dollar Tree heading higher!Cup & handle pattern followed by inverted head & shoulder (I understand that this is not how it is typically applied, but personal observation shows it is effective to show continuation as well) on the Weekly chart.
Looking like it should head back to $115-118 resistance area. If it breaks out of it, then it might go to $135-150 area.
Disclaimer: I'm not giving trading and/ or investment advise. Only showing my chart observations.
If you have any symbol that you'd like me to analyze, feel free to drop a comment.
Thanks!
Dollar Tree
Our Mission
Dollar Tree, Inc. is a customer-oriented, value-driven variety store operating at a one dollar price point. We will operate profitably, empower our associates to share in its opportunities, rewards and successes; and deal with others in an honest and considerate way. The company's mission will be consistent with measured and profitable growth.
My name is Ski Mask and I've been making bad decisions all my life...
Strike Price: $106.23
Reasons:
1. “Inspiring the creativity of our customers is at the core of Dollar Tree and we are thrilled to provide an even broader assortment of art and craft supplies at tremendous values,” stated Mike Witynski, President and Chief Executive Officer. “With our $1 fixed price point and more than 7,500 convenient U.S. store locations, Crafter’s Square gives our customers unlimited solutions for the current learn-from-home and work-from-home environment. Additionally, there are terrific opportunities for DIY home projects and décor, crafts for the whole family, seasonal decorations, and handmade gifts for both friends and family.”
The expanded Crafter’s Square offering, which ranges from four to 12 additional feet in each store, includes wood crafts and picture frames, art paper, staple-backed canvases, acrylic paints and brushes, glitter, colored pencils and crayons, markers, jewels and beads, make-your-own wreath supplies, ribbons and yarn, scrapbooking stickers, seasonal items and much more, all priced at $1.
I mean it's Dollar Tree how you can hype up Dollar Tree to make it sound good lol just get the option call and call it a day lol
*Not investing advice
My name is Ski Mask and I've been making bad decisions all my life.....
Strike Price: $106.23
Dollar Tree - Bullish TrendOn the move off of our low support line, DLTR price and daily volume have been consistently increasing. NOTE: bullish run after last reporting (11/24).
Crossing the 21 EMA, good sign for continuation to the top of our rising wedge.
MACD starting to turn, will require forward momentum.
Dollar Tree earnings tomorrow morning, 12/18 strangle ideaThis is my first time trading DLTR, but my kids and I always get a kick out of going there like once a month to get random things for a buck a piece. It looks like historically there's a high chance of a lot of movement after the earnings call. So I just executed a DLTR$100/95strangle12/18 for $6.45 ($645) per contract. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading 101*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue & Earnings
Debt / Cash
Book value, assets
7 Common mistakes:
+5% portfolio trades
Bad risk management
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors
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
Fibonacci MA7 - price
pi RSI - trend momentum
www.tradingview.com
TradingView links:
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www.tradingview.com
**DLTR** I feel like Charlie from Its Always SunnyBut in all seriousness this chart looks really good, and It it follows these resistances and supports it could lead up to ATH. The Pivots line up perfect with the convergence of the lines. If the EMAS cross the 200 EMA then I will enter a Long position
DLTR 2021 DLTR is not one I play but I found this interesting.
December is a bounce around and retest that resistance month for DLTR.
I went back a few years and its pretty much the same. Due to the November election I believe it will be bouncing around from end of OCT until end of December.
I will update this if a trend forms
Setup of the Day / DLTRToday we have a long setup to share. Here you will see a full explanation of how we will proceed.
Main items we can see on the chart:
a) The price is bouncing from a Daily Support zone (that allow us to look for long setups)
b) On the 30 minutes chart, we can see a Broken descending trendline
c) Currently, we have an ABC pattern (Flag structure). From a technical perspective, this type of formation is considered a bullish one
d) Based on that, we will open positions, set a stop, and take profit on the levels you can see on the chart
e) Our Break Even level is the yellow line
f) The Risk-Reward Ratio we have on this setup is 1.5
g) We will take this trade using a 1% risk of our Capital
h) Remember: Trade safe, protect your capital, and always understand what you are doing.
