$TGT - WATCHLIST - SAFE HAVEN -
Added 2024-06-10 11:10:17 +0000 UTC$TGT is looking attractive here.
Holding on the 0.5 Fib and the 200 Day MA, after hitting $182 for Wave 1 and pulling back in a controlled manner for Wave 2 and finding support in the correct place.
Fundamentals are also quite good here
PE of 16
FWD PE of 14.
Margins are also impressive.
A continued hold here and support is confirmed, it may be worth considering a position
If a recession does come in the US, savvy shoppers may consider $TGT as an option instead of more expensive brands.
