Another earnings play....
One thing I noticed today is that they pumped retail. I think it's doing rangebound trading here so a short term opportunity. Earnings will suck, wage inflation will eat into their profits.
Keep an eye on all of the big tankers from last quarter like TGT, etc. Plenty of room for them to do another huge gap down, just look at long term charts. They need to get rid of the parabola.
One thing I noticed today is that they pumped retail. I think it's doing rangebound trading here so a short term opportunity. Earnings will suck, wage inflation will eat into their profits.
Keep an eye on all of the big tankers from last quarter like TGT, etc. Plenty of room for them to do another huge gap down, just look at long term charts. They need to get rid of the parabola.
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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.