CFD Trading – Sell Dollar General Corp. (DG.NYS) @ $243.30. Stop @ $251.90 and Target @ $229.70.

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

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.