TGT has bounced up again after 3 earnings misses in a row!
I'm thinking maybe it is time to "let it go"
I suppose there are plenty of people out there who love this stock no matter what their earnings are!
If or when the market turns down again, this one may pay the piper.
Ascending triangle noted as the bottom trendline is sloping up.
This s a neutral pattern until broken and ascending triangles break down just like descending triangle break to the upside.
I am not a TGT lover, but I do know times are tough. A super well run company adjusts to the environment in my opinion.
But that si just my opinion and we all have one.
I have not studied earnings estimates by analysts and whether they are soft or not. It seems that sometimes they cut a company a break with very low numbers to beat, so they beat and everyone and their brother buys it on the earning's beat. Yet the numbers are lower, sometimes very much lower than last quarter.
No recommendation but I would short this at the right entry level
I'm thinking maybe it is time to "let it go"
I suppose there are plenty of people out there who love this stock no matter what their earnings are!
If or when the market turns down again, this one may pay the piper.
Ascending triangle noted as the bottom trendline is sloping up.
This s a neutral pattern until broken and ascending triangles break down just like descending triangle break to the upside.
I am not a TGT lover, but I do know times are tough. A super well run company adjusts to the environment in my opinion.
But that si just my opinion and we all have one.
I have not studied earnings estimates by analysts and whether they are soft or not. It seems that sometimes they cut a company a break with very low numbers to beat, so they beat and everyone and their brother buys it on the earning's beat. Yet the numbers are lower, sometimes very much lower than last quarter.
No recommendation but I would short this at the right entry level