AI
Thursday, May 23, 2019 8:27:38 PM
Target earnings is going to be very interesting for the broader market as NYSE:WMT NYSE:HD NYSE:KSS have all disappointing investors.
We have included two scenarios for Target post earnings tomorrow but our bias is on the bearish side. It is our belief that retail is suffering once again and sentiment is quite poor in the segment. They MA'S are very bearish and are holding down the price. A test of the December lows in the $60 range is our minimum target for the C wave with $54 a very bearish target.
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