Good Evening Traders-
What an eventful week it has been. We were able to successfully call Target $TGT on our Golden Ticket trade from our last report. We featured it as a Buy Signal at $238.50 and it ran straight up to $254. This was a very nice momentum trade here.
Whenever we can get a solid company with stable growth such as Target, and combine it with technicals for a short term demand surge, then we have a raised conviction.
In trading and investing it is all about conviction!
We want very high conviction trades and investments but, let me be very clear…
Conviction is not because of gut feeling.
Conviction is raised because the research we put in to developing a strong thesis.
With this being said I think many may be surprised of the stock I am bullish on long term…