Is $DLTR's rejection at $132 the top, or just a pause before more upside?
Bearish Engulfing + Rising Wedge
- this is an interesting clash between Technicals vs. Fundamentals
News:
- Q1 beat, shares +22.6%
- Buyback expanded to $2.5B, no expiry
- DoorDash rollout, 9,000+ stores
RISING WEDGE into ๐๏ธ 132.43 Key Pivot - sellers showed up hard on that wick.
Reclaim highs, wedge grinds on. Lose support: ๐ฏ 122.16, ๐ฏ 118.75, ๐ฏ 114 - into the 200 EMA.
Watching that pivot.
China laying bare the brutal facts:
Donald Trump:
"It is costing us $2 billion a day to reopen the Strait of Hormuz"
China's Foreign Minister:
"The Strait was open before the war. The root of the problem lies in your illegal operations against Iran; you created a global crisis out of nothing"