0IC8 trade ideas
DLTR Slams into Resistance HighDLTR rose slightly above its prior All-Time High with a Shrinking Run Gain Pattern. The Long Black Reversal Candlestick Pattern is a common pattern for this type of weak run action.
$DLTR MAJOR SUPPORT LOST IS SIGNIFICANT PRE EARNINGS Having Lost support at $98 the stock of NASDAQ:DLTR looks at risk of taking another drop lower if earnings are not superb. Support from the 200MA is not far below for security and the selling should not be very intense as the stock is already in oversold conditions, and the momentum indicator is already turning more bullish signalling a possible reversal. China, margins and supply chain will be to the forefront of everyone's thoughts and will determine the direction for the stock in the weeks to come.
The U.S. dollar extend losses agains safe-haven currencies The U.S. dollar came under strong selling pressure as poor macroeconomic data coupled with rising tensions between the U.S. and China took the gloss off the greenback in investors' eyes.
The U.S. Dollar Index (DXY) collapsed below 98.00 amid growing concerns over the health of the American economy and the side effects of the US-Sino trade war on the global economy. The steady sell-off on the equity markets added weight to the bearish sentiments and send the greenback lower across the board.
The new-home sales turned out worse than expected and registered the most significant month-on-month decline in 2019. The purchases of new single-family homes decreased by 6.9% in April, against the forecasted drop of 2.7%. It means that the housing market is losing momentum despite that a spring is traditionally considered a strong selling season.
The poor data renewed the fears that the U.S. economy might slip into a technical recession and reminded investors that the Federal Reserve might bring the key interest rates down to counter the economic weakness. Additionally, the US-China trade deal seems more like a distant dream than an achievable goal at this stage.
The above-said factors contributed to the dollar's falling, especially against safe-haven currencies like Japanese Yen and Swiss Franc. However, the sell-off may be limited in the long-run as the worries about the state of the global economy and local weakness of the overseas markets are likely to overshadow the dollar-negative factors.
DLTR - SWING TRADE This could be a nice little swing trade. I like the gap today. See if it gets over the entry line and if it can not a bad play.
$dltrvery intressting one, ER could pump the price nice up, not that much resistance on the way up. or it could bring us back to one of the trendlines, and probably rebounce to go higher, maybe a little rising wedge incoming?
Sell the breakoutOn DLTR stores clear rising wedge in a downtrend,
like mentioned before a breakout can occur upwards or downwards, but in a bearish trend I am looking for more confluence indicators to confirm the trade.
On a large timeframe I will wait until the candle closes below structure to under. Looking for market to rally into the $90-$95 range before a potential breakout.
The initial target is market below around $78
Cheers!
After earningsThe past quarters were a bust. Today it came out with $1.18 per share; beating estimates of $1.15 per share. Compare to $1.01 a year ago. Long from here, stop loss @ 78.50
DLTR Daily Hammer at old support!On watch for tomorrow.
My play is stop limit buy a cent above hammer for a pop.
SL a cent below long wick of the hammer.
Only my opinion.
Bull run for Dollar Tree DLTR? +9% Long SetupIn the next few months the price of Dollar Tree DLTR stocks could rise by about 9% following the Bulkowski's "Big W" pattern.
Target is around 94.
Stop at 74.
Let me know what you think in the comments. Hit like to share this with more people.
[DLTR] phase 4. wait for the breakThe price is below 30MM. I think you should wait the price break 30MM and the 30MM be more horizontal. Don't buy for now.
$DLTR 18 SEPT 21 C100 @ .60DLTR breaking out of resistance downtrend line, with gap above left to fill. May wait to see if a pullback retest holds at new support before entering long, or minimize risk with given call options. GLTA
DLTR Way OversoldThis dip in DLTR is an opportunity to grab a quick few percentage points to the upside. This is now around fair value and should retrace. Loop Capital still has a buy rating.
DLTR - BOUNCE OR FADEcareful on the DLTR.. it hit the 100MA on the weekly so it could bounce here or stall.. I would wait for a break of the this 100MA and then take to the 200MA..
#DLTR Sell Pull backExcellent set-up to sell the pullback trade on #DLTR
Sell pull back at the following level:
Sell 97.35/99.26
TP1 92.99
TP2 90.2
Weekly support level of 89 will be tested. Will follow up this trade....
DLTR filled the gap. Interesting candle above the moving avgDLTR had a bearish move on earnings before.
Market has grinded up to the moving average area.
Interesting candle formed here
Dollar TreeDollar tree past year of revenue has a steady growth (www.marketwatch.com)
The recent DIP in stock price after earnings 7th March 2018 is a discounted price
Monitoring the stock price from 7th till 21st march saw price hold around the 94 price line.
This NoobTrader decided to set a conservative entry at 93.59 for a long position
