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tangman

[Short] TGT bear flag breakdown

Short
Target Corporation (NYSE:TGT)  
tangman  
NYSE:TGT   Target Corporation
Trend Analysis Chart Patterns
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1
trendanalysis chartpattern
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.
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