DG (Dollar General) offers an objective long entry on this falling wedge breakout with strong positive divergences. The maximum suggested stop (if targeting the final target, T3 at the 114ish level) is a daily close below below 69.00.
DG daily Nov 25th
Note: DG reports on December 5th so any position taken here will most likely have to be held into earnings before any of the price targets are hit. While I posted the daily chart above, I also like the technical posture on the weekly charts with big positive divergences & the PPO turning up, poised to make a bullish crossover & confirm that weekly divergence soon on any more upside in the stock.
With that being said, this stock is clearly in a downtrend & as such, this is a counter-trend trade. Therefore, one might opt to take a starter position here on this breakout, adding to the position following earnings, assuming that the bullish technicals & case for a potential bottom has continued to firm up.