Hi,
A leading American discount retailer, Dollar General operates over 19,000 stores in 47 states, selling branded and private-label products across a wide variety of categories.
In fiscal 2022, 80% of net sales came from consumables (including paper and cleaning products, packaged and perishable food, tobacco, and health and beauty items), 11% from seasonal merchandise (such as toys, greeting cards, decorations, and gardening supplies), 6% from home products (for example, kitchen supplies, small appliances, and cookware), and 3% from apparel.
Stores average roughly 7,500 square feet, and about 75% of Dollar General locations are in towns of 20,000 or fewer people.
The firm emphasizes value, with most of its items sold at everyday low prices of $5 or less.
Technically speaking it has reached inside an interesting area. A few criteria matching with each other and probably it is worth to take a shot, from the shown box - $90 to $119, should be technically okay.
Criteria are simple:
1. The long trendline
2. All-time Fibo level 62%
3. The round number, psychological number, $100
Target around $140 - $150
Good luck,
Vaido
A leading American discount retailer, Dollar General operates over 19,000 stores in 47 states, selling branded and private-label products across a wide variety of categories.
In fiscal 2022, 80% of net sales came from consumables (including paper and cleaning products, packaged and perishable food, tobacco, and health and beauty items), 11% from seasonal merchandise (such as toys, greeting cards, decorations, and gardening supplies), 6% from home products (for example, kitchen supplies, small appliances, and cookware), and 3% from apparel.
Stores average roughly 7,500 square feet, and about 75% of Dollar General locations are in towns of 20,000 or fewer people.
The firm emphasizes value, with most of its items sold at everyday low prices of $5 or less.
Technically speaking it has reached inside an interesting area. A few criteria matching with each other and probably it is worth to take a shot, from the shown box - $90 to $119, should be technically okay.
Criteria are simple:
1. The long trendline
2. All-time Fibo level 62%
3. The round number, psychological number, $100
Target around $140 - $150
Good luck,
Vaido