TGT - Gaps to Fill Down - Earnings Miss - Trade Cautiously

Waiting for confirmation break of white trendline to enter bearish .

Trade Entry
Will update with specifics once trend breaks.

Chart Details
Earnings miss on TGT caused gap down, almost filling top gap in chart.
Other large gaps down to $73.
Bearish EMA cross and bearish 10WeekMA price cross, but price still in “fakeout channel”.
Must confirm break of channel to indicate entry for downtrend.

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Stock is retail physical store,s even though they have a substantial online presence.
I don't follow the stock, but it has doubled since the low around 60 on their credit breach.
Look for continued distribution here,down to a $100 minimum.
At the first hint of disappointment just like TGT just announced,
they will be punished more than expected I believe.
+1 Reply
MoneyPatterns The_Unwind
@The_Unwind, I don't really follow TGT either.
Not entered in this one but you and I probably both thought "What is TGT doing up here?" LOL
Still waiting on SPXS but I am not worried.

Hope your week is doing awesome bro.
speedz55 MoneyPatterns
@MoneyPatterns, Thanks for pointing out.
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