$TGT - WATCHLIST -
Added 2024-06-17 19:54:35 +0000 UTCI am tempted to add $TGT to the Safe Haven list, as I believe $TGT will benefit if a recession is triggered and customers decide to stretch their dollar further.
FWD PE sits at 13 now and margins remain healthy here, in spite of the strong climb from $102 to $182 and back down to $144 again.
Price is still holding at the confluence level on the 0.5 Fib and 200 Day MA at $142.
There is a possible 90% gain on the table here if $TGT can continue in this impulse wave and hold at this level.
$TGT also pays a dividend of 3.17%.
Comments
Do we wait for it to hold on the .5 fib and then go above it for confimation of the start of wave 2?
Jaws
2024-06-17 23:56:04 +0000 UTCTGT is not overvalued right now, $COST is tho
Gareth Neary
2024-06-17 20:59:30 +0000 UTCI am tempted to move at least part of COST to TGT. The only thing I can’t get around is, if TGT performs in recession, I would expect COST to also.
DiegoTheSabre17
2024-06-17 20:34:24 +0000 UTC
