Dollar Tree Price Gap Almost Closed
The right triangle pattern, coupled with the near-closure of a price gap, is making this an increasingly appealing bearish setup. It might have a bit more to go, since the gap for DLTR isn’t quite sealed up yet.
The right triangle pattern, coupled with the near-closure of a price gap, is making this an increasingly appealing bearish setup. It might have a bit more to go, since the gap for DLTR isn’t quite sealed up yet.
Back on February 28th, I did a premium post, my first in a series of posts about shorting Dollar Tree (DLTR) and Dollar General (DG). Let’s just say that the timing was almost perfect, since the stocks would lift for just a few more days by a little bit before going into their own vicious, private bear markets. This morning, they’re both getting torched.
(more…)I’ve done a bunch of posts about “dollar stores” (like this one a couple of months ago), and DLTR has been my most profitable position. My $145 puts are up about 130%, and I think there’s plenty more weakness to come in these incredible depressing warehouses of utter crap.
Over the past month, I’ve mentioned “dollar stores” as appealing bearish candidates. Those are clicking along nicely. First we have symbol DG, which is Dollar General:
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