DG had a swing low in mid-March. While it has retraced well, it is still 15% below the YTD high
On the 2H chart, the retracement uptrend is accompanied by a persistent volume of about 2X
that of March and before. I am supposing that with an early or light recession underway, value
sensitive consumers are delivering DG more revenue from its retail operations and will continue
to do so. The zero-lag MACD is showing a buy signal; I will take a long position and watch
for signs of overextension or loss of directional strength as an exit in due time.
On the 2H chart, the retracement uptrend is accompanied by a persistent volume of about 2X
that of March and before. I am supposing that with an early or light recession underway, value
sensitive consumers are delivering DG more revenue from its retail operations and will continue
to do so. The zero-lag MACD is showing a buy signal; I will take a long position and watch
for signs of overextension or loss of directional strength as an exit in due time.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.