TGT: Bullish outlook!

NYSE:TGT   Target Corporation

Short Term - We look to Buy at 171.59 (stop at 159.63)

This stock has recently been in the news headlines. Price action has broken from the previous formation. A weaker opening is expected to challenge bullish resolve. Neckline support is 170.00. Further upside is expected although we prefer to set longs at our bespoke support levels at 170.00, resulting in improved risk/reward.

Our profit targets will be 199.21 and 210.00

Resistance: 200.00 / 210.00 / 250.00
Support: 170.00 / 140.00 / 90.00

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