Trading (DLTR) With Integrated Risk Controls
July 08, 2024, 08:48 am ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DLTR
- Buy DLTR slightly over 102.97 target 120 stop loss @ 102.67 Details
The technical summary data tells us to buy DLTR near 102.97 with an upside target of 120. This data also tells us to set a stop loss @ 102.67 to protect against excessive loss in case the stock begins to move against the trade. 102.97 is the first level of support below 106.38 , and by rule, any test of support is a buy signal. In this case, support 102.97 would be being tested, so a buy signal would exist.
- Short DLTR slightly under 120, target 102.97, stop loss @ 120.35 Details
The technical summary data is suggesting a short of DLTR as it gets near 120 with a downside target of 102.97. We should have a stop loss in place at 120.35though. 120 is the first level of resistance above 106.38, and by rule, any test of resistance is a short signal. In this case, if resistance 120 is being tested, so a short signal would exist.
Swing Trading Plans for DLTR
- Buy DLTR slightly over 107.1, target 120, Stop Loss @ 106.79 Details
If 107.1 begins to break higher, the technical summary data tells us to buy DLTR just slightly over 107.1, with an upside target of 120. The data also tells us to set a stop loss @ 106.79 in case the stock turns against the trade. 107.1 is the first level of resistance above 106.38, and by rule, any break above resistance is a buy signal. In this case, 107.1, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DLTR slightly near 107.1, target 104.28, Stop Loss @ 107.41. Details
The technical summary data is suggesting a short of DLTR if it tests 107.1 with a downside target of 104.28. We should have a stop loss in place at 107.41 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 107.1, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for DLTR
- Buy DLTR slightly over 107.1, target 107.43, Stop Loss @ 106.85 Details
If 107.1 begins to break higher, the technical summary data tells us to buy DLTR just slightly over 107.1, with an upside target of 107.43. The data also tells us to set a stop loss @ 106.85 in case the stock turns against the trade. 107.1 is the first level of resistance above 106.38, and by rule, any break above resistance is a buy signal. In this case, 107.1, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DLTR slightly near 107.1, target 105.69, Stop Loss @ 107.35. Details
The technical summary data is suggesting a short of DLTR if it tests 107.1 with a downside target of 105.69. We should have a stop loss in place at 107.35 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 107.1, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Dollar Tree Inc. (DLTR) available here: DLTR.
DLTR Ratings for July 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Neutral |
| P1 |
0 |
0 |
102.97 |
| P2 |
105.69 |
104.28 |
120 |
| P3 |
107.43 |
107.1 |
137.43 |
AI Generated Signals for DLTR
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for DLTR:
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