$TGT - POTENTIAL SAFE HAVEN -
Added 2024-01-04 09:45:26 +0000 UTCI have spoke about $TGT at length before......that although they got killed on their Woke policy, there is a lot to show from their chart that the bottom has come in.
There is no changes to this chart, except I have added in the white fibs to show a pull back levels for Wave 2.
We have the buy zone set here between $116 - $90 and the price entered this level, consolidated for a short period on our Second Target line at Wave C and then bounced hard.
We really can not ask anymore of a chart then behaving like this.
If we consider that $DG and $DLTR are safe havens for this year, $TGT must also be considered, especially since its price is as low as it is now compared to his ATH line.
A pull back to between $128 - $123 would be an attractive add here for long term.
Comments
Do you believe they will get their revenue and margins back to where they were 2-3 years ago?
Vojtěch Šimeček
2024-01-04 20:40:53 +0000 UTCThanks for categorizing the safe havens. I’ve been spending more time thinking about rebalancing some of my risk. Too high into NIO and will swap some over to these safe havens when NIO runs above 12
Chris H
2024-01-04 09:51:28 +0000 UTC
