Dollarama is still well oriented and is going to new highs. The Company provides merchandise through discount retail stores. The company offer wide range of products for two dollars or less.

The fundamental qualities of the group are clearly attractive as evidenced by the upward revisions of earnings per share and revenue estimates. The profitability of the company's business remains good. The high levels of valuation show the interest of investors for this security.

Since several months, the stock has initiated a sharp bullish trend mainly due to strong fundamentals. The move could be continued, supported by the 20-day moving average, and return to its highest price levels.

Therefore, investors will benefit from the signal given by the crossing of the CAD 64.1 resistance to take a long position in the stock. The objective will be set near CAD 70.5. Once the position is opened, a stop loss should be fixed under effective entry point to guard against a trend reversal.