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.
MoneyPatterns
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@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.
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.