$DG - SAFE HAVEN -
Added 2024-03-07 09:19:04 +0000 UTCI started a position in $DG when it broke above its 200 Day MA and sold 20% of $AMZN when it started declining and put some of its cash into $DG, this was my hedge against its decline and so far it is working out very well.
We can see clearly on that chart that there is a clean breakout above this important 200 Day MA and we are into the Bull Case now.
Wave 3 remains the target but I am not ruling out a retest of the 200 Day MA as confirmation of support.
If this happens, I will be adding to my position too.
Earnings next week and analysts are expecting a beat.
Comments
Earnings next week.
DC
2024-03-07 09:48:20 +0000 UTC
