Family Dollar Stores Inc. Message Board
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Nice ascending triangle
building giving ~$32 price target.
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20ma about to cross 200ma. Another great sign! The parallels in techs with 1998 continue and if it plays out that way ~40 in 3-6 months would be a distinct possibility. That's based on what happened then. I still think it could happen sooner than that.
- 1 Reply to bentbasin
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I'll stick to this thought and my other thought of 50 within 2 years although I think that target will be met much sooner. Look at March preannouncement of last year into April earnings of possible things to come in the next few days\weeks. Also the technicals now in monthly charts look amazingly similar to Nov.\Dec. of 1996 and that was the time it also broke thru resistance that kept it down for 3-4 years. And then it was off to the races.
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This could be blown away with a good preannouncement of the quarter next week as they did last year around 12/4 at which point the 33.5-34 area will be challenged-the last big DTL on the charts. I'd think short positions may liquidate in greater volume helping the upside.
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Trying to break out of the top, real close.
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Note volume yesterday also.
- 1 Reply to bentbasin
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I believe this will be $50 within the next 2 years.
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