$DG - Whoa der
Updated
Pretty interesting one. 
DG most recent drop was in part to earnings, but haven't been over the report to find out details (yet). Beginning of 2018 was easily a great start to the year (as was for... just about every sector) but for dollar general in particular ; accumulation / distribution seeing highest level since 2012 (before plummeting). Even then, recovered & back to AD resistance. Money flow divergence telling a story of itself, but fed CCAR part of the stress test this week & even my attention is more towards financials. Definitely wana see price drop back to 141% - $161 fib level & make new support ($96.95 / $97.50) before consolidating. Next ER is 09/03 so just over 2 months to (potentially) make new ATH's (Current - $105.82). A1 target price has my eye around $107.50. I wouldn't bet on the 314% fib testing that resistance, but I sure as shit wouldn't count it out either lol. Assuming price doesn't fall below 180WMA again - definite potential.
DG most recent drop was in part to earnings, but haven't been over the report to find out details (yet). Beginning of 2018 was easily a great start to the year (as was for... just about every sector) but for dollar general in particular ; accumulation / distribution seeing highest level since 2012 (before plummeting). Even then, recovered & back to AD resistance. Money flow divergence telling a story of itself, but fed CCAR part of the stress test this week & even my attention is more towards financials. Definitely wana see price drop back to 141% - $161 fib level & make new support ($96.95 / $97.50) before consolidating. Next ER is 09/03 so just over 2 months to (potentially) make new ATH's (Current - $105.82). A1 target price has my eye around $107.50. I wouldn't bet on the 314% fib testing that resistance, but I sure as shit wouldn't count it out either lol. Assuming price doesn't fall below 180WMA again - definite potential. Note
Still a fan, but checked back over the chart & saw 55 low MA just crossed below 180 WMA. I have a feeling a dip to $91.50 might come first.Note
Longer than I expected ):Note
Getting thereTrade closed: target reached
Skkkrrttt. Been a long time comin'
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