Dollar General Corp. Stock Code DG.NYS
Outlook
Price broke below the cloud in the previous trading session, changing the chart outlook to bearish. A bearish Harami candlestick price pattern adds to the bearish sentiment. Conversion and Base lines had a bearish crossover, hinting at a bearish price trend. Lagging Span is below price of 26 days ago but is inside the cloud. MACD is bearish and is hinting at a bearish price trend. We think price is likely to move lower to the previous low at $229.68 in the next 2-3 weeks.
Strategy
$243.30 Short Sell
$229.70 Price Target
$251.90 Risk Management Stop
3 weeks Trade Duration
