Verified Investing on $TGT (Nov 9, 2026)
Target may attract liquidity and rise on a down market day as a defensive stock, but its moves are slower, so the speaker is not shorting today; he plans to start a short position at roughly $163, the pivot peak on his downtrend line.
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Yes, I am actually looking at Target today, and since it is a defensive stock, if the market goes down today, I should see some liquidity flow into Target and Walmart, and they should rise.
So, I'm looking at the possibility of selling, maybe not today because Target's movement is a little slower. So, I'm watching to see if the price reaches around $163. I have a downtrend line, meaning the peak of this pivot is here at approximately $163 exactly.
This is where I'm looking to start a short position in Target stock.
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Verified Investing has 2 calls on this stock; only the adjacent ones are shown.