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ChartEnvy
Dec 6, 2023 3:10 PM

TGT getting ready for its next move Long

Target CorporationNYSE

Description

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.

Comment

Nice move above the 200 day. Sitting right at resistance. Need a big volume push to take it out. LVNs up above and nice room to run into the low 150s.

Comment

Comment

Nice continuation day today.

Comment

Good support here, so I think TGT can consolidate here before the next leg up.

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