Falling wedge on the weekly

BATS:TGT   Target Corporation
I am back!

It's been more than a year since I posted on Tradingview. Now, I am back with a slightly different strategy.

Most of the ideas I post, won't solely be justified on the technical look, but technical and fundamental outlook.
In each case, I will mark whether it ticks one or both boxes.

As you can see, the first idea is Target, which was beaten down over the last two years. After some time, it formed a "Falling Wedge" pattern and broke out with high volume. Both are bullish signs.
Now it is going sideways. I believe it is collecting energy for the next move upwards, to which, earnings (05 Mar.) could be the catalyst.

The price target is 181.92 (R1 Pivot) - 25% upside potential
Support sits at 142.67 (P Pivot)
Support 2: 132.12 (Volume profile - Point of Control) - 9.22% downside potential
Open P&L: 2.82

Technicals: ✅
Fundamentals: ✅

The content of this page is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product!

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.