Hubert Senters here.
Let’s take a look at Dollar Tree. So one strategy is to run the other direction. So when the entire market is going down you try to find stuff that is going up. You can also do the inverse of that. If the entire market is going up and this thing is going down then you know that’s a weak thing.
So here on Dollar Tree, DLTR, it’s making new highs while all the markets are kind of selling off. That’s a good sign for this stock so add this stock to your watch list DLTR And if you’re a permabull which means all you do is go long and long only it’s not a bad strategy.
The market goes up more than it goes down so it’s not a bad strategy. This looks decent with a stop of about $99.13 and a target of about $112 to $115.
Good luck. Hope it helps. And I’ll see you on the next video.