The Long Investor
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$DG - WATCHLIST -
🕑 Added 2025-04-22 14:50:26 +0000 UTCWe are seeing a lot of large legacy companies pulling back to their 0.78 Fib lately, which originated from the 2009 low and $DG is no exception
I shared $DLTR yesterday to show that it is now in an undervalued position and waiting for support to be confirmed
$DG which is very similar has already found support and has bounced exactly on the 0.78 Fib and moving back up to the 50 WMA and the blue line at $101.
If $DG can flip the $101 line back to support soon then the reversal is on a move up to the 200 WMA is possible next at $170
$DG and $DLTR are expected to do well if the US goes into a recession.
Comments
Peter Hannoush
Are you measuring the retracement from 2010? Would that still be accurate from that far back?
Chris H
Been tracking this since you mentioned it ages ago. Now may be a good time once an impulse is confirmed
