Target at post-earnings Support

Following the earnings rally Target stock TGT has pulled back to a 50% Retracement and also triggered a Spike Alert which can define the risk on this pullback. I like the trade to play back up to the post-earnings high and beyond for a long term position.

Trade active:

TGT hit the 3 to 1 target before the close today. Will look to adjust into a long term position tomorrow.

Trade closed: target reached:

5.61 to 1 reached at a major Resistance, plus a morning bearish spike, time to take profits.