TARGET NYSE:TGT - Mar. 25th, 2024
BUY/LONG ZONE (GREEN): $170.50 - $184.00
DO NOT TRADE/DNT ZONE (WHITE): $163.25 - $170.50
SELL/SHORT ZONE (RED): $150.25 - $163.25
Weekly: Bullish
Daily: Bullish
4H: Bullish
NYSE:TGT had strong bullish momentum on March 5th, we saw a slight pullback after with steady bearish structure on the 4H timeframe, and then a break...
NYSE:TGT looks to fill the gap it created after earnings. This play is simple and if TGT closes below $165 today we can look to enter short and run it into the shaded area.
Trade safe
Target Corporation ( NYSE:TGT ) has defied expectations with its latest earnings report, showcasing resilience in the face of challenging market conditions. Despite a dip in holiday sales, the retail giant reported a surge in earnings for the fourth quarter, surpassing analyst estimates and instilling confidence in investors. As the company sets its sights on...
On Tuesday, March 5th, 2024, NYSE:TGT will announce its earnings. Investors eagerly await the outcome, particularly considering recent store closures and potential price adjustments. Will this event bring positive results, or will it signal a downturn for the company?
Welcome back to the trading floor traders! Our favorite place to be...
On Target, we are likely going to need some further liquidity to be built for the bulls to continue moving this up the way they have been - if this is the case, it will happen using our teal and orange controlled selling algorithms.
First we will look for yellow strong buying continuation to...
Target has the potential for a breakout back into the 150's however we are seeing tapered buying coming in the way which in the past has caused us major downfalls.
Let's see where price takes us and I will of course keep you posted as we move forward
Happy Trading :)
NYSE:TGT Target is interesting to me now. It has broken out of the descending wedge and is starting to break out of the inverse head and shoulder neckline.
It went through a consolidation period and just broke out of it last week.
A good entry point would be $142. An ideal entry would be around $133.
I think they learned a lesson about going woke.
Upside...
I am back!
It's been more than a year since I posted on Tradingview. Now, I am back with a slightly different strategy.
Most of the ideas I post, won't solely be justified on the technical look, but technical and fundamental outlook.
In each case, I will mark whether it ticks one or both boxes.
As you can see, the first idea is Target, which was beaten down...
Asset and Time frame - Target, Monthly
I usually don't upload ideas for long-term holding, but this one is just one of those perfect setups for my taste.
We have a morning star, a close above the 100 monthly MA, and we closed as an engulfing bullish candle on top of that MA, volume is also decent, and the price has been going down for too long
TGT has reached a resistance point, and revenue/EPS growth has gone negative this year. It's got a little debt but not being a growth company like many have speculated it is, is my fundamental catalyst for shorting this.
From a technical standpoint it also looks like a good risk/reward to be short this stock.
There is a large gap from earnings that needs...
TGT is consolidating before attempting to take out resistance at ~$137. Beautiful MACD divergence was seen before forming the bottom. I would not be surprised to see multiple attempts needed before taking out this next level of resistance given this area is a key battleground based on VRVP. Possible cup and handle forming? That would be nice.
12.12.23
Strong move after ER
Looking for move towards 138
Over 138 level resistance at 140, 142,48, 147,54
and 150 psych level
Lower support 132,47 131, 127,9
Only squeeze on 30min for now
On the chart I include the formula and a example of how to get shirt term price targets using the retrace theory.
Basic retracement theory
(B-A)+C
(130.77-128.71)+129.94=$132
the low = A
the retrace high = B
current retracement low = C
Trend Strength Maximum Retracements Upside Targets (downside targets are inverse)
Very Strong
-14.6% to 23.7%
A to B added...
Price is retesting the broken support. We have here several bearish patterns (see my previous post lines below) and the stock need much more for a come back. It might try to break the resistance but I don't think is going to make it. If my puts expire out of the money I'll buy more and try again.
