The Long Investor
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$TGT
🕑 Added 2025-05-15 16:13:47 +0000 UTC$TGT is a position I have been keeping an eye on for some time now, we have been watching to see if Wave C completed in April and so far there has been a bounce but we can see that the bounce retested the blue line and the 50 Day MA from below and so far has rejected.
Therefore we need to wait and see if the price action can hold a higher low next above $87 before considering adding here.
The downside risk is therefore still the 0.78 Fib at $76.
But in terms of risk v reward....I believe the price action is very close to completing Wave C and has not followed the market higher and still has strong fundamentals.
The +4.7% Dividend also makes this very attractive too.
$TGT report their ER next Weds.
