Costco has almost gone up, will Target make up for the increase?
Two months ago, I bought Costco in a 500-505 position, based solely on technical judgment. After that, Costco started a slow bull market, but I made 5% and sold it. Selling isn't about not being optimistic; it's about trying to get to the bottom $Target(TGT.US$ with $Unity Software(U.US$ It was to make more profit, but the deal proved to be mixed. U has indeed made quite a profit, but TGT has been trading sideways, and it has been slow to make up for the increase.
Costco was just starting to rise at the time. I posted this picture to complain. The fundamentals didn't support rising costs, but the technical side basically confirmed that it would rise 100%. Who to trust. Over a month, the answer is now clear. But at the moment, I think Costco has gone up almost as much. If I still have open positions, I'll lock in profits, settle my pockets, or buy other stocks. After all, it's already far from fundamentals, and the technical side is almost at the point of resistance.
Screenshot from that time:
Bought some observation compartments today $The Communication Services Select Sector SPDR® Fund(XLC.US$ . Chase higher as soon as possible. Actually, I was going to buy it directly $Alphabet-C(GOOG.US$ My friends who follow me know that I've always been optimistic about Google, but I didn't dare to bet on financial reports this time; I stopped making profits before the earnings report, and missed these two days' gains. Now I want to buy it again, but after thinking about it, $Meta Platforms(META.US$ The performance was also very good, $Netflix(NFLX.US$ It also has potential, so just buy an ETF, and if I step back later, I'll take the opportunity to reposition.
The other two targets that have been or are about to become heavy are energy and utilities.
Recently, I read an interesting article on the Internet: The large-scale application of AI not only competes with computing power, but also with electricity. The power consumption of AI calculation is terrifying. For example, if Bard AI were used to completely replace Google searches, then every day Bard would consume more electricity than a large city. This is still just Google alone; Microsoft is also doing it, Apple, Meta, and Adobe are all doing it. Plus, other small companies are also doing it, so how much electricity would that consume? Judging from the current trend, xlu and xle both show a bullish trend, and the technical side is also bullish.
The photovoltaic sector, for example $Invesco Solar ETF(TAN.US$ or $iShares Global Clean Energy ETF(ICLN.US$ , I think it's not far from the bottom. But I'm not going to go to the bottom right now. It's really painful to get to the bottom of the bottom; it's really better to go higher. I have a few on hand $Enphase Energy(ENPH.US$ The package hasn't been lifted yet, and I'm not planning to cut it.
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本人散户，闲钱投资，名字为系统生成。这里记录投资感悟与趣事。所有言论都纯属娱乐，不是投资建议。此账号为本人唯一社媒平台。
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凌凌七 : Bullshit
高贵的阿德莱德 OP : Costco has stopped rising. Will Target, which has been rubbing on the ground for so long, finally make up for it? At last, there have been some signs in the past two days. Currently, there is an overall long line on the 1-hour line. The MA10 and MA20 of the daily line are turning upward, and the MA10 has also stabilized on the weekly line. I feel like the winning percentage is getting bigger this time, wait and see.
Ice9 : It would be nice if there weren't today's gap. Gaps are always a hidden danger
高贵的阿德莱德 OP Ice9 : Which stock are you referring to?