DLTR trade ideas
DLTR B/O? Or AMZN takoverIt's amazon vs retail. But I have a reason to believe discount stores aren't too affected by AMZN. This is a lower percentage gain than most my ideas.
We have DLTR trying to break out from the 70$ mark. Not too confident but I will take the long with a short stop. Will be selling around $74.
Be aware we are also approaching earnings. If earnings are good I will wait for higher.
Happy Trading!!
On the daily watch. Daily and Weekly +ve Divergence.
Monthly hanging around critical FIB support.
Any turn around on Monthly here should bode well for long term.
For now earnings play looks very tempting with Daily/Weekly ready for a small rally.
Long Dollar treeHey guys, these are my thoughts on Dollar tree: So as you can see there is HUGE support line that goes from february 12 last year to today so this is a very long support line and since then the stock never broke trough that line. That tells me that this support line is very strong. Since the beginning of that support, the stock touched the support line 5 times and each time it happened , the stock bounced for a nice uptrend move and this is what im expecting tomorow also. The support line is great but i also like the formation of the candles. Today, the stock did not move much and the candle was a little candle and in my book that shows that people are indecisive. Indecision in the stock market often creates a change of direction in the trend. The stock moved down 3 days in a row,then the stock slow down, make a little indecision candle (type of harami) at a huge support line so my thougts are that the stock will reverse for a upside move. Not only the candle is an harami, but also we can say that with the candle of yesterday and with the candle of today , we can tell it is a nice bullish harami pattern. This pattern means that people are indecisive and uncertain about the downside move and the power of the prior move has now diminished
DLTR - Long up to $99 if an upward breakout occursDLTR is nearing completion of a wedge with a strong support level @ $73.00 for more than a year. If an upward breakout occurs, I'm expecting to see a move up to resistance at the top of the wedge @$99.00, continuing the 9 year long bullish trend.
Aim higherBreak of the trendline is taking this higher. Awesome setup.
Pre-ER run, might continue till ER 03/07
DLTR. Ending diagonal. Possible wave countEnding diagonal in wave 5 position.
I guess its a wave A in ABC correction.
But it can be a new trend down therefore it can be 1-2
Anyway long on break up could make a benefit as target could be within 91-99 marks (61.8-99% retracement)
DLTR possible Long with a bounce from a lot of resitanceOnce again simple trade. Short stop loss. Typical knife catch.
Support zone approaching for Dollar TreeTechnically Speaking
Price is approaching the support zone, say 72-76 level. The next support level I see on the chart is the 61ish level.
For me, the better R/R might be waiting for the latter level to be tested, but it may never get there, that is the risk you run by waiting.
Note, if you are a buyer at these levels, determine where you will get out. If you hold until the next support level, that could be painful.
Fundamentals
If you are not familiar with what they do, here is a link to their website: www.dollartree.com
One of the best lessons I have learned is the ability to cut losses quickly. This definition will be d/f for everybody, but experience has taught me, that limiting losses is the surest way to success. It is just so hard to pull your way out of deep drawdowns. Enough preaching. Have a good day.
DLTR Gap and GoThis is a stock on fire after earnings up 9% and gapped out of range, this offers a great entry either now or better to wait and buy if retrace or breaks todays high. The options for Jan 17 are 8.40 today if willing to take say 25-30 % risk you want to get 60% gain at least. Potential here as the volume is very good as well great same store sales and earnings beat
Bearish Continuation wedgeAlthough bearish reversal wedge forms between 3-6 months if we add the consolidation period after bottom face was completed, we are there but take your time to do some extra homework before you take a bearish bet here but it looks a promising one if price again fails to hold today's low which had a significant importance for many traders at and around $77.3. If u decide to take a short bet make your stop loss at recent swing high at and around $78.88. Try to visit us www.2waytrading.com for real-time alerts
DLTR Day Trade Retest Gap (Brad Reed May21,2015)If DLTR gaps below 76.03 consider using the Retest Gap strategy. To receive a free and complete stock trading education go to www.RealLifeTrading.com
DLTR gaps up on higher volumeOn yesterdays earnings announcement price gapped up on DLTR (with higher volume). This offers a good near-term opportunity to buy this stock for a quick profit. Ideally, it would've been nice to have seen a more bullish bar.
For longer-term opportunities this stock has trended well in the past, but since June 2012 the trend has not been able to re-established itself. In late October 2014 the most recent upward wave began and, after breaking the October 2013 pivot high at around $60, it has shown more strength.
With two gaps up on higher volume and a retest of the October 2013 pivot this could well turn into a good longer-term opportunity, again.
