Dollar Tree heading higher!

4 Mar 2021

Cup & handle pattern followed by inverted head & shoulder (I understand that this is not how it is typically applied, but personal observation shows it is effective to show continuation as well) on the Weekly chart.

Looking like it should head back to $115-118 resistance area. If it breaks out of it, then it might go to $135-150 area.

Disclaimer: I'm not giving trading and/ or investment advise. Only showing my chart observations.

If you have any symbol that you'd like me to analyze, feel free to drop a comment.

Thanks!

4 Mar 2021

Not

This is a Weekly chart, and so look for reversal on the Daily chart before entering.
It does look like it might still go down further to $90-95 area for now

5 Mar 2021

Not

With the broad market selling off, it might be weeks before this chart pattern works out..that's if it's still valid

8 Mar 2021

Not

Last week's selloff didn't affect DLTR much but don't think we are out of the danger zone yet.

12 Mar 2021

Not

having a, what i call, sideways consolidation now, which should mean a strong up move should happen some time next week.

But it price breaks below $105, then this setup might be invalidated

16 Mar 2021

Not

Didn't break below $105, instead it looks to break out of the sideways consolidation today or tomorrow

19 Mar 2021

Not

Didn't break out of the sideways consolidation but setup is still valid.

5 Nis 2021

İşlem kapandı: hedefe ulaştı

Target profit 1 hit!