The PEAD projected a neutral outlook for NYSE:TGT after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
The Setup
Target NYSE:TGT has had a very bearish fall off All-Time-Highs over the last 2 years. It has finally retraced the entire length of its run from the 2019 Pre-COVID High and returned to it as potential Support. Price MUST hold here or else continue down to lower levels in the "Valley of Risk". It is worth a trade off this level.
The Trade:...
This how I see TGT share direction
One out of 2 best analysis
Digging deep could be best scenarios but if correction start eriler means stock will go up fast
Good to watch next week
Short Target
Target (TGT) stock closed down by almost 1% today as short interest swirls around the struggling retailer.
Target a prime short candidate after repeatedly lower guidance.
Target has suffered some near-term losses recently, having been forced to slash prices to clear out overstocked inventories in many of its retail locations.
This is a daily chart. I feel target had a fast drop because of the Gay pride shirt release. The market over reacted and also forgets fast. I'm going to start a position Monday. Then DCA if it hits my buy zone. Possible fast jump to 140ish... what do you think?
Analysts downgraded it, but technically and fundamentally, this action has the potential for a significant rise. Furthermore, within its group, it has the strongest fundamentals.
This idea is based on Wyckoff's method for determining price objectives using the Point & Figure count of distribution ranges. We can see multiple distribution ranges following both schematic 1 and schematic 2 for Wyckoff's distribution.
If we take count the ranges separately, this yields a potential reversal zone between 105.5 and 84.50 dollar per share.
All...
Trading idea - Entry point > 134/61.80%
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 134/61.80%
Chart time frame : D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : D
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support...
Seems like there is a sector rotation happening on Friday.
S&P and Dow30 rallied 1-2%, while Nasdaq lag behind by 0.65%.
The sectors that rallied on Friday were the Material, Industrial, and Consumer Cyclical.
It may be a good time to bottom-pick some of the bruised and battered cyclical.
This is a pure technical play on an oversold company.
The support...
Deliberately destroying their company ? Yea i know its ESG and DEI and i full support shorting these degenerates into oblivion ! ;) The chart pattern is UBER BEARISH
Target looks priced in here with a nice technical setup in major demand. TD9 printed yesterday, and we've got a nice hammer forming this morning. I could see a test to $140 within days on this stock.
Ms are noted to be bullish as they reverse upward at the end of the 4th leg which may not have been reached yet.
Possible Crab but will see where this bottoms at. Crabs have a 4th leg that ends near the 1.618 and is known as a reversal pattern. A deep pull back is the norm for the 4th leg for the crab. The butterfly ends at the 1.272. This is at the 1.272 but...
