tangman

[Short] TGT bear flag breakdown

Short
NYSE:TGT   Target Corporation
Target sold off hard and recently put in a bear flag. It's breaking down out of there now.

I entered short yesterday via some Sept put spreads.

This is a highly inefficient company (relative to AMZN and WMT) running into a coming recession / depression. XLY sector was a short yesterday, but I didn't really want to short AMZN, so I picked what I think is one of the weak companies.

Will probably take profits and reassess before earnings.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.