Has TKMaxx maxed out?
This is a share I have had my eye on for some time – in fact, I had an aborted trade about a month ago, as I believed I had found a top.
But the market just kept going like the Duracell bunny. It is a very large US retail holding company and owns TKMaxx here in the UK. I believe US retail will suffer in the months ahead – already a stalwart US retailer JCPenney shares are heading off the cliff and making new lows. They are in a similar retail segment.
I have a super tramline pair and the market is heading for the lower line after making a neg mom div at the top, which was made around the vernal equinox, please note.
The symbol is TJX and I shall be watching action around the lower tramline.