Target is oversold and at a discount price. It is in a long uptrend on the weekly chart butit is in one of the valleys right now. This is a great buying opportunity with minimum risk and high reward.
Notice that both the MACD and RSI are showing a bullish divergence. This means that their lows are lower even though the stock's lows are higher.
I wouldn't think...
It's very interesting to see just how similar these two stock charts are.
It's hard to tell which one is which and yet they couldn't be more different.
Good old fashioned retail sales and good new fashioned high tech and yet they are moving to the beat of the same drummer.
I've pointed out this pair before and hope some of you have made some money buying TGT...
