$CL - SAFE HAVEN -
Added 2024-03-05 13:00:05 +0000 UTCI know people are keen to short the market during a market decline but preservation of capital should be your main priority, risks of shorting remain in place, especially during dead cat bounces too which catch people off guard.
Putting your money into $TLT, Dividend stocks, Gold, slow movers and clear upward trending stocks with strong controls of their pricing makes the most sense to me.
$CL is a company which performs very well during a market correction and since the lows in October '23, it is already up 35%, as many feel this is a great store of value during uncertainty in the market.
It is also just breaking out from its 2020 high at $86.
Converting this level to support and there is a possible move up to $102 in 2024.
Although not a lot, its a strong preservation of capital, it is moving against the decline in the market, so making 15% while the market declines is not something to be ignored.
