DGEN trade ideas
DG ascending triangle DG is forming an ascending triangle. After last weeks failed breakout the pattern is only getting tighter. i will look for an entry when it breaks through 193 level on increased volume.
NYSE:DG
DG broke resistance from a baseBroke resistance today. Another stock in the same group (OLLI) had a very powerful break out today.
IBD rating of 99
Long @ 194.20
☹ You Walk In, Only To Discover Everything Is Not 1 Dollar! (DG)🤔 Dollar General parallel impulse channel identified, We currently sit near Resistance.
I'm leaning towards a short on this one. We will show the next key levels to play on a lower timeframe to show you where we will be taking a short position. 165.38 is a key area of old Resistance that we could see be tested as new support. If this were to happen, we would be looking at roughly a 13% move.
Will share lower timeframe analysis below. 😁
Best of luck. 🎲🎲
🥇MLT | MAJOR LEAGUE TRADER
Are Covid 19 stocks (DG, ZM, etc) forming a Head & Shoulder?Are Covid 19 stocks (DG, ZM, etc) forming a Head & Shoulder?
Time to earn some $$$!1. A nice flag break out on a "D" chart
2. Resistance break out
3. Pullback to pivot level
* The TREND is BULLISH!
DOLLAR GENERAL now is in BUY situationHey traders,**DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. DOLLAR GENERAL is in a possible outcome that she pulls back to start rising must see if she will have the strength to break her stabilization zone.
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DG Dollar General: Fry Pan Bottom, Kicker Signal, ConsolidationDG Dollar General: Fry Pan Bottom, Kicker Signal, Consolidation, economy is opening, lost jobs, people will be looking to save $ on everything. Looks Like DG is going up as long as the overall market will hold.
Is DG Gonna Make it Rain Dollars 💲💲💲? | DOLLAR GENERAL ($DG)💸 The only thing that looks better than Dollar General's earnings outlook is its chart. This one is easy to be bullish on, especially with people getting back out to shop during the initial reopenings. That said, if there was any reservation here it would be that there has been some FUD recently around Dollar General not paying workers enough. Although the bad news is pretty bad and should be taken seriously, there is still room to look for a long setup here.
Resource: www.earningswhispers.com + www.nbcnews.com
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1. Fractal Trend is showing an uptrend (Aqua bar color) on the 1 hour timeframe. This is indicative of the long term bullish trend for DG (especially post-COVID).
2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua line color) and/or bullish S/R levels plotted by Directional Bias (Aqua line color).
3. Right now we are looking for a long entry off the S1 bullish S/R flip which we expect to act as support.
4. Our stoploss is placed just below the bullish orderblock below that level and its logic is explained on chart.
5. Our target is R1 range highs which gives us a solid 3 R:R.
6. If S1 doesn't hold for whatever reason, S2 is the next best hope for bulls, while S3 is technically support but will only be reached if the current uptrend is compromised.
Good luck traders!
DG (earnings run up) NYSE:DG engages in the operation of merchandise stores. Its offerings include food, snacks, health and beauty aids, cleaning supplies, basic apparel, housewares, and seasonal items. It sells brands including Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg's, General Mills, and PepsiCo.
-A M Harmonic pattern was formed for a bullish momentum push for earnings this week.
-Following the Red resistence trend line up to the forecasted (circled in blue )is $184.24 on the FIB Retrace.
-MacD crossing the 0.0 pivot point signaling bullish momentum.
In the 3 month time frame we do see DG overbought I do expect alot of people to take their profits after earnings call this week.
OPTIONS PLAY- set up a weekly 3-option run up. 1 ATM call, 1 ITM call and 1OTM around $183 Strike price.
Day of earnings play the runup to expected price target and sell. I am expecting a pull back for earnings due to the slight sideways and loss of momentum they've had.
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will be updating
Buy DOLLAR GENERAL [NYSE: $DG] | 5.8.2020 | Eric ChoeMy name is Eric Choe.
I am a professional trader with over 7 years of equities and cryptocurrency experience.
I've worked at an energy trading company, a Fortune 500 company, and one of the top management consulting firms in the world.
I left my high-paying salary as a management consultant in early 2018 for a career in investing and trading.
I've been a full-time equities trader ever since.
I give detailed analysis on TradingView.
Over the past 7 years, I've dedicated my time and effort to helping others learn about the financial markets.
All my ideas are for education purposes. There is a high-degree of risks involving leverage trading. Trade at your own risk. This is not financial advice
