A clean Double Bottom often precedes a big move. Validate your entry.
Reversal pattern after a downtrend.
Reversal pattern. Price likely to break upwards.
DG is showing interesting structural developments at $104.05. The stock is trading at $104.05, down 0.54% on the day. The primary technical feature is a Double Bottom formation. Volume is average (0.57x avg) with moderate trend strength (32.1). A potential breakout level is identified at $127.26, targeting $154.95 with support near $113.42 (R:R 2.0).
What is your outlook on DG?