🚀 Target with next Leg up ? 🚀

TGT

Today I want to talk a little bit about Target. As one can see this stock is in a strong upward moving trend. Since the last 52 weeks high which is around 267,23 the stock corrected by 5% and created a base between 267,23 and 253,98.

Trading Idea:
Long above 264,20 with as Stop Loss below 252,42

Important:
- Pay attention to the earnings and dividends date which are on 17th and 18th of August


Gaming Plan Best Case:
If TGT breaks out above 264,20 one can place first profit target order at 287,76 and self half there. If the first profit target order is hit, one can move the stop to breakeven. My second profit target would be around 300. Of course one can only use one profit target to sell half and use the other half to play for a bigger move.

Gaming Plan Worst Case:
If the stock squats i would prefer to sell half of the position around 258,60 and the second half at 252,42

---
You liked my idea ?
Follow me in TradingView, will try to have interesting Streams once per Week.
You are also very welcome to post your suggestions and topics for my strams.

P.S: For educational purposes only, not trading advice

Comment:

Still a whipsaw environment in the market. If we close below the last swing low which is around 253.88 this idea is not valid any longer !