DG Breakout10 Month Long Base
Price above 200 DMA
Decent Volume
Made double bottom in March 21
Pays out dividends
1DGX trade ideas
Dollar General Ascending TriangleAscending triangle ready to break out, beginning to ease into a long position next week.
DG: Upward breakout of the long-term resistance level.Long-term resistance level could be broken upwards with the target level in the area of 250.
Two PatternsAscending triangle and Reverse Head and Shoulder on Wk chart. It will be interesting watching this play out.
DG Ascending Triangle Dollar General (DG) has been in an ascending triangle since October and is at its 1st resistance of $221.75 and has a second of $224.42. If DG can break both resistances it could zoom to new ATH. There's also potential with DG and AAPL is they they could pull back again. DG could pull back to its support line of about $202.70. A break out of both AAPL and DG would require the SPY to continue to make new ATH so i would watch out for that.
$DG - Earnings rebound?Dollar General pulled back in a runup to earnings and is now rebounding back. PT is $220 by mid July.
DG price target 225TECHNICAL ANALYSIS
Daily: price in the entry zone per fibo 50% -61.8% rebounding strongly, unable to break the Ichimoku Clouds. We have 3 GAPs at the top that the price should close confirming an upward movement.
Diario: precio en zona de entrada por fibo 50%-61.8% rebotando fuertemente, sin poder romper las Nubes de Ichimoku. Tenemos 3 GAPs en la parte superior que el precio debería cerrar confirmando un movimiento a la alza.
FEAR & GREED INDEX : 36 -Fear,,
“sea temerosos cuando otros son codiciosos, y sólo codicioso cuando otros son temerosos”
“be fearful when others are greedy, and only greedy when others are fearful” - Warren Buffett
PRICE TARGET: $221-225 (tELSEY aDVISOR)
HEDGE FUND TRACK:
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V BottomDG appears to be recovering from a deep pull back.
The green upside down triangles are pocket pivots and can make a decent stop. This indicator is on TradeView.
A pocket pivot is a price/volume pattern. Price forms a pocket pivot, when:
The price goes up compared to yesterdays close.
The volume today is higher than the maximum down volume of the past 10 days.
V bottom targets are calculated by depth like a cup and handle. This pattern's depth is 48.25. I multiply the depth by .38, .62 and .79 to get targets 1, or I use the corresponding fib levels. The results arre added to long entry level which is often placed a tad over the prior high. The prior high is 225.25, so I placed long entry level at 225.35. I am sure some folks do this differently (o:
No recommendation.
JK Livin' on a BudgetWe're about to find out how far $1,400 goes. My sense is rent/bills & shit in general is getting pricey and gov' checks are barely putting a dent into this struggle. We long DG once it finds a dip.
DG: Breakout Confirmed, 9.74% Potential Profit!Description: DG is trending higher and in an uptrend meaning that highs are getting higher and lows are getting higher. The uptrend line on the chart and the Trending Band Indicator (which measures trend) supports the Long Position.
Stats:
1. Ideal buy range: $210.3 - $216.7
2. Take profit: $232.69
3. Stop Loss: $205.68
4. Risk To Reward: 1 / 3
5. Accuracy Rating: 94.47%
$DG with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $DG after a Negative over reaction following its earnings release placing the stock in drift C
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Double BottomPrice is at the neckline. Long entry would be a break of the neckline with an uptrend. I would imagine DG is getting a bit tired and is having issues at the neckline.
I think it will push through but not unusual to take a few tries. Sometimes hard resistance can knock a security back down.
Any pattern can fail and a double bottom can become a triple bottom )o:
You can measure bottoms by drawing a line from the bottom to the neckline. Then extend it up from the neckline using the magnet. This is a ball park guesstimate of where price may go.
As a rule, with a multiple bottom structure, you place a stop under the bottom. This is a tall structure making the stop too far away. I usually use the last pivot low when that happens. For me that is under 192.
Not a recommendation.
Pull back FishingDG had a bad reaction to earnings and fell quite a bit. It has been like a rocket stock since.
The last time DG had a bearish divergence between price and RSI, it fell substantially. DG also had an ugly top then as well. One appears to be trying to form now. Not long enough to say for sure. Divergences do not always affect a security in the short term. It is good to be aware though.
A lot of green. Watching. I bought this on the deep pull back and contemplating selling half. May have be a mistake to sell. I am hoping to catch it again soon if I do. I am thinking someone will take profit soon. But even with all that green, it is not overbought yet.
Decisions such as these can be very difficult.
The monthly and weekly candles looks bullish. NV and OBV are both high.
No recommendation
Dollar General entering buy zoneBased off volume profile, it looks as if DG might be bouncing back pretty soon. After this ER dump, I expect it slowly sell off to around the 165-150 range, where i’ll be buying.
Entered a couple of DG august contracts today, and looking to buy more at anything below 160.
Dollar General entering a buy zoneBased on volume profile, it looks like DG has some more opportunity to run down. I expect it to briefly touch that support line dated back to 2017.
Im looking to buy anything below 265, and will enter a massive position upon touching 255. I entered some late dated contracts for August today.
💡$DG🤑 basic price action on Dollar General?💰+10%🏌️♂️📚DG stock is sitting at some key levels. Should price break the $193 level, it may continue higher to $205 and then $218, based on previous areas of structure (resistance turned support). However, price is still trading well below its 50, 100 and 200 day MA, so watch for the reversal down to $175.
DG Long Term SupportA few days late to see this but in line with my thesis on Consumer Staples being the next sector to perform in the market NYSE:DG hit a long term 50% retracement level support around 175. I would be looking at this to retest the high in terms of price action. Unfortunately even at this level the dividend yield is rather low (0.79%).
Bullish Bat On WeeklyDG appears to be bouncing at support near the PCZ of a Bullish Bat on the weekly
Bullish Divergence On The MACDGood Morning! In my opinion, Dollar General ( DG ) will have a nice move up if it can complete the bullish cross on the MACD. There is very strong bullish divergence happening on the 4 hour timeframe. There is also some bullish divergence happening on the daily. If we can hold above -4.45 on the daily MACD this could be a great swing opportunity as well.
What are your thoughts?
I hope you all have a great trading day :)!
Dollar General/ DG GREAT BUY Surprisingly enough this company is stellar when you look at the financials. Its Cash Cycle is under 30 days with absolutely NO ACCOUNTS RECIEVABLE!!! its been growing its revenue around 10% each year, management has been buying back shares to increase shareholder equity, its dividends are squat :( , but they are gunning for Five and Below/ FIVE s market by opening POP Shelfs in the 'Burbs. If the POP Shelfs are able to take hold then I could see this company keeping par with its 10% revenue growth rate for the next 10 years. For the past decade the GPM has not dipped below 30%. the Return on Equity (for the value investors like myself) has been steadily growing with the last years being 25.5% with a 10 year average of 20%. And with COVID-19 still keeping people out of work and unemployment moderate to high I can see more households stretching the dollar which will grow this company's Revenue. As the families effected will be looking for the bargain stores to save their capital. The Company has ZERO short term debt, but they have no treasury shares. :( so, they have no equity out of the market and i think this particular reason is why i think its more of a "B+" investment rather than a A+ investment. If you're a conservative investor the D/E Ratio for the past year was .43, so that's not bad! with only 4% of their operating income going toward paying off interest on long term debt as compared to the moderate 15%. :) so when they buy their shares back its possible they might be retiring them. the Current Ratio has been a strong 1.5-1.7 for the past decade with a few exceptions, and their retained earnings pool has been steadily growing. Currently its trading under value with a fair market value of 196.xx with Ben Grahams formula putting it around 294.xx. I would love to see the price drop below 185.xx before buying so that way one can maximize their return on investment. If you're a growth investor or value investor this is a great company a solid B+ or A- to build a portfolio on. I would love to see this ABCD pattern complete as a great entry.
