When the Price of (DLTR) Talks, People Listen

August 21, 2024, 00:30 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DLTR

• Buy DLTR slightly over 98.15 target 114.62 stop loss @ 97.87 Details

The technical summary data tells us to buy DLTR near 98.15 with an upside target of 114.62. This data also tells us to set a stop loss @ 97.87 to protect against excessive loss in case the stock begins to move against the trade. 98.15 is the first level of support below 99.19 , and by rule, any test of support is a buy signal. In this case, support 98.15 would be being tested, so a buy signal would exist.

• Short DLTR slightly under 114.62, target 98.15, stop loss @ 114.95 Details

The technical summary data is suggesting a short of DLTR as it gets near 114.62 with a downside target of 98.15. We should have a stop loss in place at 114.95though. 114.62 is the first level of resistance above 99.19, and by rule, any test of resistance is a short signal. In this case, if resistance 114.62 is being tested, so a short signal would exist.

Swing Trading Plans for DLTR

• Buy DLTR slightly over 100.08, target 114.62, Stop Loss @ 99.79 Details

If 100.08 begins to break higher, the technical summary data tells us to buy DLTR just slightly over 100.08, with an upside target of 114.62. The data also tells us to set a stop loss @ 99.79 in case the stock turns against the trade. 100.08 is the first level of resistance above 99.19, and by rule, any break above resistance is a buy signal. In this case, 100.08, 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 100.08, target 98.15, Stop Loss @ 100.37. Details

The technical summary data is suggesting a short of DLTR if it tests 100.08 with a downside target of 98.15. We should have a stop loss in place at 100.37 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, 100.08, 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 100.15, target 103.12, Stop Loss @ 99.92 Details

If 100.15 begins to break higher, the technical summary data tells us to buy DLTR just slightly over 100.15, with an upside target of 103.12. The data also tells us to set a stop loss @ 99.92 in case the stock turns against the trade. 100.15 is the first level of resistance above 99.19, and by rule, any break above resistance is a buy signal. In this case, 100.15, 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 100.15, target 98.15, Stop Loss @ 100.38. Details

The technical summary data is suggesting a short of DLTR if it tests 100.15 with a downside target of 98.15. We should have a stop loss in place at 100.38 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, 100.15, 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 August 21:

Term →	Near	Mid	Long
Rating	Strong	Weak	Neutral
P1	0	0	98.15
P2	100.15	94.87	114.62
P3	103.12	100.08	131.68

AI Generated Signals for DLTR

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Dollar Tree Inc. (NASDAQ: DLTR) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for DLTR can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.