DXLG NASDAQSWEET AND SIMPLE. Possibility of a trend change here as it broke the downtrend n has a 20 day high.
DXLG trade ideas
Double Bottom on DXLG ; Double profit potentialPretty self explanatory. Comment if you need clarification
DXLG: Bull Flag (95%) Double bottom (99%)DXLG ( Direction XL ) is into a continued uptrend that does not seem to want to stop.
The WEEKLY graph shows a confirmed bullish flag with possible gains of 95% and price target of 14.01$ (Left graph).
The MONTHLY chart shows a double bottom (not confirmed) with possible gains of 99% price target of 14.10$.
Both weekly and monthly charts show similar possible gains which increases filling probably.
The sector weekly graph (Consumer Discretionary, bottom right) shows a small ascending triangle (confirmed). The sector as a whole may see a 15% increase from its 1480$ support level. This target is almost filled. Could reverse anytime after hitting the target, reducing the sector strength and making the DXLG targets almost impossible to hit. Lets hope we break through the 1695-1700$ level to continue this uptrend until Christmas.
Stay humble, have fun, make money!
DXLG | InformativeNASDAQ:DXLG
This is an informative chart, set your alert for opening Long/Short position. in short term I expect a pull-back to 6.29$, in mid-term I expect a break-out from current triangle.
*This is my idea and could be wrong 100%
DXLG | LongNASDAQ:DXLG
Possible Scenario: LONG
Evidence: Tristar Bullish Candlestick
* If it runs, It'll be fill the gap
It's my idea and could be wrong 100%
7 Reasons to buy DXLG now!DXLG Destination XL Group, Inc. is a leader retailer in Big & Tall men's apparel. Company is publicly traded since 1988
The Monthly chart shows a buy setup in 7 different aspects
1) Massive buy volume in the month of July. Buyers are mostly institutions as you can see in the following link. As of today 70% of shares are held by institutional funds.
i.imgur.com
2) Absolute third bottom since 1998. The last time DXLG was at this price was during 2009 crisis. This is the definition of buying the dip.
3) Tom Demark Sequence reached 9th sequence. For those who know about TD Seq , numbers 8 and 9 indicate a reversal
4) 3 different divergences are formed at this level. MACD , VWMacd & MFI . This means price has to be higher according to these indicators but instead it went lower and created a divergence
5) Williams Vix Fix Indicator is used to identify the bottom of a trends. As you can see from the green bars that we reached the bottom and a reversal is imminent.
6) SToch RSI is bottomed and now picking up
7) MACD in the red area heading towards green
Cash Runway Analysis
Stable Cash Runway: Whilst unprofitable DXLG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DXLG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 50.4% per year.
Company got hit hard by COVID-19. Brick & Mortar stores had to close temporarily but sales continued through website and Amazon.com
In a medium term trade(1 - 2months) you can target a reasonable profit of over +25%, the longer you hold, obviously the more profitable it gets according to the past data.
As you can see the stock traded between $0.3 / $15 in the past.
Please do you own due diligence and remember it's a chaotic year, so always look for safe plays.
Bought back in DXLGGoing to watch this closely to break the support line for a stop loss. I think this is oversold.
possible cup & handle patternjust found it in the screener. looks like a cup n handle pattern in the making. breaking $0.80 level with a good volume might target $1.30 .
So, you can set your alert.
Please note: I'm just sharing my view. its not a recommendation for buying or selling.
DXLG 40% short term / 70-130% max profitDXLG looks it wants to move
40% short term first target
70-130% medium term target
Thanks for your likes and thumbs up
$DXLG - still a good entry point (longterm)DXLG is actualy performing well during the covid-19 pandemic, but was hugely oversold over the last weeks. I expect a breakout between 15th/16th Juni, but this is just a prediction (It could happen earlier or later or the stock could fall again - so everything is possible). If you take a look an the weekly RSI, you will recognize, that this stock if undervalued (you can take a look on their earning report this month). I see this stock atleast around 0.80$+ next 1-2 month. Just look at the volume. From there, it will go even higher. Check this statement from the CEO (conference call) yesterday:
"And lastly, I want to give you an update on our wholesale business. The growth of our wholesale business continues to be a key initiative in fiscal 2020, led by our business with Amazon Essentials, which contributed $2 million of sales in the first quarter. This business, the Amazon Essentials program, was not immune to the impact of the virus and Amazon shifted to essential supplies and so did the customer in what they ordered."
"That being said, the business has also come back very strong in the past couple of weeks, demand has been the highest of all year, even pre-COVID levels. With our sourcing expertise and factory relations in place, we've also launched a new wholesale line of business in the design and sourcing of protective masks with sales beginning in the fiscal second quarter and already in the second quarter of fiscal 2020 we have received commitments to the sourcing and selling of masks to Fortune 100 companies, with nearly 2.5 million masks ordered so far." ( seekingalpha.com )
