Learn to Evaluate (DLTR) using the Charts

October 29, 2024, 12:46 pm ET, BY Allen K.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DLTR

• Buy DLTR near 65.16 target 80.39 stop loss @ 64.97 Details

The technical summary data tells us to buy DLTR near 65.16 with an upside target of 80.39. This data also tells us to set a stop loss @ 64.97 to protect against excessive loss in case the stock begins to move against the trade. 65.16 is the first level of support below 65.26 , and by rule, any test of support is a buy signal. In this case, support 65.16 would be being tested, so a buy signal would exist.

• Short DLTR slightly under 80.39, target 65.16, stop loss @ 80.62 Details

The technical summary data is suggesting a short of DLTR as it gets near 80.39 with a downside target of 65.16. We should have a stop loss in place at 80.62though. 80.39 is the first level of resistance above 65.26, and by rule, any test of resistance is a short signal. In this case, if resistance 80.39 is being tested, so a short signal would exist.

Swing Trading Plans for DLTR

• Buy DLTR slightly over 66.84, target 80.39, Stop Loss @ 66.65 Details

If 66.84 begins to break higher, the technical summary data tells us to buy DLTR just slightly over 66.84, with an upside target of 80.39. The data also tells us to set a stop loss @ 66.65 in case the stock turns against the trade. 66.84 is the first level of resistance above 65.26, and by rule, any break above resistance is a buy signal. In this case, 66.84, 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 66.84, target 65.2, Stop Loss @ 67.03. Details

The technical summary data is suggesting a short of DLTR if it tests 66.84 with a downside target of 65.2. We should have a stop loss in place at 67.03 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, 66.84, 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 66.28, target 66.84, Stop Loss @ 66.13 Details

If 66.28 begins to break higher, the technical summary data tells us to buy DLTR just slightly over 66.28, with an upside target of 66.84. The data also tells us to set a stop loss @ 66.13 in case the stock turns against the trade. 66.28 is the first level of resistance above 65.26, and by rule, any break above resistance is a buy signal. In this case, 66.28, 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 66.28, target 65.2, Stop Loss @ 66.43. Details

The technical summary data is suggesting a short of DLTR if it tests 66.28 with a downside target of 65.2. We should have a stop loss in place at 66.43 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, 66.28, 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 October 29:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Weak
P1	0	0	65.16
P2	66.28	65.2	80.39
P3	67.26	66.84	96.23

AI Generated Signals for DLTR

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Dollar Tree Inc. (NASDAQ: DLTR) report below can help you understand how to do this. The trading plans for DLTR, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.