Target Corp. engages in the operation and ownership of general merchandise stores. It offers food assortments including perishables, dry grocery, dairy, and frozen items.
I think its oversold
im in tgt a bit longer with calendar call options strategy I have realized and rolled short positions you can dive in with calls
In the case of Target Corporation ( NYSE:TGT ), the consideration of whether to rely on Fibonacci support levels or to wait for a potential double bottom formation around $90.17 involves a strategic decision based on technical analysis principles.
### Fibonacci Support Level
- **Fibonacci Retracement**: This tool is used to identify potential support levels...
Counting Target's Rise as a Super-Cycle Wave 1, the company stock appears to have AT LEAST completed Primary 3 of Cycle 5, and to be currently declining in Primary 4, in alternation with a long, shallow Primary 2, SO I expect 93.77, at least, if not as low as low 60s, by later this year (maybe August/September). It may be worth noting, that in its Minor C of...
These stocks are clearly in a downtrend and testing the downtrend line resistance. I have puts of TGT that I bought on Friday. If you want to trade one of these I recommend to open a limit order at a better price than it closed on Friday for the puts and pick a strike price close to the current price. You can also buy puts with different strike prices to balance...
There is from my point of view an BnR Pattern in the chart. At 129,9 there is an important resistance level, the highs if Nov/Dec 2019. The first parallel channel as well as a support line cross this resistance mid of June thus this may be a level where we may see an bounce back or if this level breaks much deeper targets (111 $)
Good evening everybody. I am bearish tomorrow on TGT because we did not close above yesterday's close. Also, we were green but our volume was very low, also we are riding an upward trend line that I drew on the 1 hour chart. I will look for a break of trend-line support and retest to the previous horizontal support. But, if we go up, you can see my scenarios in...
Why is Target doing so bad?
Company Analysis
Why is Target doing so bad? They've really fell off a cliff over the past year. I look at their stores and they seem good, and once upon a time not too long ago they were outperforming Walmart. Now their NAV prices have really dropped over the past year and a half. I was once up 80% on these guys and know I'm down 20%....
After a quick price action, now is the time to move higher to confirm this strenght on the 15m.
We need a move above the level which would mean bullish crossover
It's true that economy is deteriorating, so does the Target (TGT) stock. However, the retailer giant TGT stock has been unreasonably undervalued. The current price is no longer reflecting the strength of growing revenue and profit for the company. Market has been overly pessimistic about the future economy and unrealistically dumping the stock. The valuation shows...
#TGT extremely oversold on Weekly chart.
#TGT also create double bottom on 1h chart at 105.79$
IF can hold 105.79$, #TGT can back test up to 115-116$
IF can't hold 105.79 next support will be 102.89$
I'm loading shares at 106$
Very important day for Target, as it breaks a key 50-year trendline after it has already lost -50% from ATH.
Now crossing a line in of itself is not a big deal. However, how it breaks and what structure it forms after the break matters a lot. This is the 3rd time since 2017 it has tested the trend line. The last time it broke in 2008 it lost 50% of its value....
It could be rough next couple of weeks. Market can rally from middle of October until early January. This can continue to crash next year as showed with my arrows.
This is just a prediction and not an advice.
Looks like an Ascending Triangle o the weekly timeframe.
All triangles are neutral until broken. This Ascending Triangle has broken to the downside.
Targets in orange and were calculated using the wide end and fib levels.
Price has hit the 50% mark. The next target is the .618, then the .786 then 100%.
Price can fall less or more than 100%. T1 which was the...
Multiple bearish patterns. Last week just confirmed a bearish flag and broke an important support at 125. Price may try to test back the broken support now resistance at 125, but I really don't think is going any higher, too much bearish pressure. You can open a small position tomorrow and if it tests back add more. It has a lot of room to go lower. It may also...
Target is another example of the so-called "contrarian" trade that circulates on financial social media where, somehow, everyone puts on their VERY SMART PERSON baseball caps and gets long because it MUST BE TIME FOR THE MOTHER OF ALL SHORT SQUEEEEEEEEEEEZES.
And yet time and time again it never works.
Paypal is a really fine example.
Paypal - Going Long In a...
