Most sell offs based on boycotts of good companies are
buying opportunities. Boycotts fizzle when people realize “ Hey I
like shopping there or I like that food or drink”.
for BUD and TGT I suggested was for a bounce trade - these
stocks need to base out - and longer term there's a big demand zone
lower on TGT that still may fill over time - this was for a
reversion to mean trade
I'm not sure what you are asking, but otherwise on TGT here's
the charts
daily TGT was down 9 days in a row, then had a gap down on day
10 - which was an easy buy. notice how far price is still away from
the 9 EMA, that would a mean reversion target
on the weekly now the demand zone below, you could also note
that 121.7 high from late 2019. But otherwise really no support in
this range here were price is bouncing from, that's why favor this
as a bounce only
Every dead cat bounces if you throw it down hard enough LOL
Posted by matt on 2nd of Jun 2023 at 01:48 pm
TGT - Chart Link- trade bounces over the last couple days, was overdue
BUD - Chart Link-
Most sell offs based on
Posted by tgo5043 on 2nd of Jun 2023 at 02:11 pm
Most sell offs based on boycotts of good companies are buying opportunities. Boycotts fizzle when people realize “ Hey I like shopping there or I like that food or drink”.
So load up the Bud
Posted by srusso1 on 2nd of Jun 2023 at 02:13 pm
So load up the Bud truck
no load up on Pabst
Posted by matt on 2nd of Jun 2023 at 02:16 pm
no load up on Pabst LOL
for BUD and TGT I suggested was for a bounce trade - these stocks need to base out - and longer term there's a big demand zone lower on TGT that still may fill over time - this was for a reversion to mean trade
TGT chart huge run up
Posted by srusso1 on 2nd of Jun 2023 at 02:22 pm
TGT chart huge run up from 2019 ?
I'm not sure what you
Posted by matt on 2nd of Jun 2023 at 02:26 pm
I'm not sure what you are asking, but otherwise on TGT here's the charts
daily TGT was down 9 days in a row, then had a gap down on day 10 - which was an easy buy. notice how far price is still away from the 9 EMA, that would a mean reversion target
on the weekly now the demand zone below, you could also note that 121.7 high from late 2019. But otherwise really no support in this range here were price is bouncing from, that's why favor this as a bounce only
Thanks for those charts.
Posted by srusso1 on 2nd of Jun 2023 at 02:29 pm
Thanks for those charts.