DLTR) Continues to Slip, Will DLTR Hold $100?
The post DLTR) Continues to Slip, Will DLTR Hold $100? appeared on BitcoinEthereumNews.com. Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets. Latest posts by Pratik Chadhokar (see all) Dollar Tree (NASDAQ: DLTR) DLTR share price showed selling pressure and has persisted in slipping the gains post release of Q2 earnings in the past weeks. However, the Q2 earnings were somewhat mixed, where the net income fell by 44.32% to $200.40 Million (YoY) and the total revenue increased by 8.23% to $7.33 Billion (YoY). DLTR stock price has splitted the crucial support zone of $125 and sellers aggressively smashed the zone decisively. Afterward, DLTR stock did not manage to hold the trajectory swing of $120 and slow & steady losing the gains indicating seller dominance on the charts. Moreover, the chart structure was destroyed and did not bounce amid the major breakdown. DLTR stock reflects negative sentiments and investors stayed cautious and started unwinding their long positions because of the consecutive selling in the stock. Furthermore, the technicals indicate that DLTR stock has taken a pause near $102 and retested the 20 day EMA. However, a rejection candlestick was formed near the 20 day EMA which indicates that bulls do not have enough strength to surpass and follow on selling pressure will continue in the next sessions. As per the options chain, at the strike price of $100, a massive open interest of 1206 hundred shares on the put side shows the strong support zone, whereas at the strike price of $110, a massive open interest of 1532…
The post DLTR) Continues to Slip, Will DLTR Hold $100? appeared on BitcoinEthereumNews.com.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets. Latest posts by Pratik Chadhokar (see all) Dollar Tree (NASDAQ: DLTR) DLTR share price showed selling pressure and has persisted in slipping the gains post release of Q2 earnings in the past weeks. However, the Q2 earnings were somewhat mixed, where the net income fell by 44.32% to $200.40 Million (YoY) and the total revenue increased by 8.23% to $7.33 Billion (YoY). DLTR stock price has splitted the crucial support zone of $125 and sellers aggressively smashed the zone decisively. Afterward, DLTR stock did not manage to hold the trajectory swing of $120 and slow & steady losing the gains indicating seller dominance on the charts. Moreover, the chart structure was destroyed and did not bounce amid the major breakdown. DLTR stock reflects negative sentiments and investors stayed cautious and started unwinding their long positions because of the consecutive selling in the stock. Furthermore, the technicals indicate that DLTR stock has taken a pause near $102 and retested the 20 day EMA. However, a rejection candlestick was formed near the 20 day EMA which indicates that bulls do not have enough strength to surpass and follow on selling pressure will continue in the next sessions. As per the options chain, at the strike price of $100, a massive open interest of 1206 hundred shares on the put side shows the strong support zone, whereas at the strike price of $110, a massive open interest of 1532…
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