$DG has finally pulled back after an impressive run from $102 to $140, which we warned about when we first uploaded this chart.
It is a safe haven when the market takes a turn as savvy customers watch for cheaper deals.
The Covid Low line is important here and it is sitting on the 0.38 Fib here which is where the price is just at now, it could find support here as this is an important line.
If we could get this between the 0.5 - 0.618 Fibs at $120 - $115....we must strongly consider a position here if support is held.
This will be an attractive stock to hold for the next 6 months.....buy and forget, unless to add.
Jesse Gaffey
2023-12-12 16:25:46 +0000 UTC