$TGT
Added 2024-08-28 14:40:00 +0000 UTC$TGT is still on my list to add but the plan remains the same here, wait for a pull back to at least the 200 Day MA at the 0.5 Fib at $150 before adding
We want to see a move down in 3 waves and right now I believe we are potentially only in wave b here before a further pull back.
$TGT I believe is a solid add because it is a discount store that sells branded goods, so in a downturn, people will still want their branded goods but may be willing to go to a cheaper store then to buy, $TGT should benefit from this
They also have a 2.8% dividend too.
Comments
TGT is not a discount store. It’s not Walmart or Dollar General. They focus on affordability but product selection looks like LVMH next to DG.
DC
2024-08-28 16:51:19 +0000 UTC
