DLTR trade ideas
DLTR GREAT BUY OR ???Dollar Tree has had an enormous run and the 100 day EMA has been a great support for this run. This is the first time it dipped below the 100 day and it has been below for about a week now.
The dashed lines are notable price points where funny things may happen.
I would expect it to go sidewaysish (It's in Websters) to allow for the EMA's to converge.
If you are bullish then right now is a great buy, but I would wait for confirmation first.
I will keep watching and add comments as it becomes more clear on the direction it may go.
Any other thoughts are welcomed.
DLTR - new sideways channel consolidation?DLTR - sideways consolidation, trend intact for now. at support levels, low risk.
possible short,long over 42.25Indicators generally pointing down, but be ready for break out over 42.25 on the upside
