Dollar General rises alongside the upward correctional trend line - Analysis - 09-02-2024

Economies.com
2024-02-09 11:17AM UTC

Dollar General Corporation’s stock (DG) edged up in the intraday levels, while preparing to tackle the pivotal and stubborn resistance of 139.12, amid the dominance of the upward correctional trend in the short term, with positive signals from the RSI despite reaching overbought levels, benefiting as well from growing positive pressure because of trading above the 50-day SMA. 

 

Therefore we expect the stock to rise and target the next resistance at 152.60, provided the initial resistance of 139.12 is reliably pierced. 

 

Expected trend for today: Bullish

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