TGT - targeting more upside

TGT - Strong bullish rebound was seen and bear trap is in place after prices fails to close significantly below the support of US$84.76. Furthermore, ichimoku is showing a three bullish golden cross in an early stage, which confirm the bullish reversal. V-shaped bottom is eyeing a potential reversal, especially the stock has broken above the immediate downtrend line. Bullish divergence is observed from our long-term MACD, mid-term stochastic oscillator and 9-period rate of change. Volume remain healthy.

Long-term target is at US$138.00. Near-term target is at 118.00