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.
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.
