TGT - BUY
We entered into a long-term Target position yesterday.
Riots and COVID will cause small shops to go out of business or close up during repairs. Therefore, people will turn to the larger chains.
Target is the type of store you go in looking for one thing and come out with 10. That's only going to increase as there become less small business to compete with.
If anything, it's a good place to store come cash in between positions.
You could also wait for a clean break-through of 130 before entering.
Riots and COVID will cause small shops to go out of business or close up during repairs. Therefore, people will turn to the larger chains.
Target is the type of store you go in looking for one thing and come out with 10. That's only going to increase as there become less small business to compete with.
If anything, it's a good place to store come cash in between positions.
You could also wait for a clean break-through of 130 before entering.
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