AwesomeAvani

DLTR drops after earnings follows the market down

NASDAQ:DLTR   Dollar Tree, Inc.
DLTR dropped on a mild earnings beat. It is now below a volume shelf at 128.

Indicators including the MACD suggest a reversal as bullish divergence is showing.

The mass index supports a reversal. On the dual time frame RSI, the low TF green line

is above the higher TF black line which is weaker. Overall, DLTR could retrace to 133

based on the Fib retracement tool However, I will not take this trade until price crosses

above the POC line. !33 will be the first target and 134.5 the second target being the mean

VWAP. I will take a call on options trade as well. I will only enter if the general market indices

appear to be upgoing which is a challenge given the upcoming Powell speech at Jackson Hole

If the market is down turning, the trade will be paused and reassessed at early next week.
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