DG: Inverse Head & Shoulders Near Breakout

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DG: Inverse Head & Shoulders Near BreakoutDollar General CorporationNYSE:DGNexusChartToolsDollar General is testing the neckline of a developing inverse head-and-shoulders pattern near the 0.5 Fib retracement at $128.84. Momentum is constructive, with RSI above its average, but daily stochastics are already overbought. Because of that, I would avoid chasing price before confirmation. Entry plan Primary entry: Wait for a confirmed daily close above the full $128–129 neckline/Fib zone, ideally followed by a successful retest as support. Fallback entry: If price rejects the breakout zone, watch for a bullish reaction from the 200 SMA near $123.15. That would preserve the broader pattern while offering a potentially better risk/reward entry. Profit targets Target 1: 0.618 Fib near $135.77 Target 2: Supply zone near $140–145 Stretch target: Inverse head-and-shoulders measured move near $155.70 A reasonable approach would be to take partial profits at the first two targets and leave a smaller runner for the measured move. Invalidation The immediate breakout thesis weakens if price closes back below the neckline after confirming above it. A decisive loss of the 200 SMA and right-shoulder area would more seriously damage the bullish pattern. This remains a conditional setup until price confirms above the breakout zone. Educational analysis only—not financial advice.