Dollarama shows a strong performance for several trading sessions.

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

Technically, the share has a bullish configuration on all time scales. Prices are supported by increasing moving averages as shown by the 20-period, in weekly data, and enclose the stock in a dynamic upward trend.

Exceeding the technical line at CAD 64.3 would point to ambitious upward targets. In this case, market participants could buy this stock with an initial target of CAD 70.7. If investors reduce long-side exposure for profit-taking, a bearish trend would happen below CAD 62.4 and so this strategy would be invalidated.