Target Corporation
Long

TGT 1D - hitting the target?

483
On the daily chart, Target Corporation (TGT) has finally broken out of its long downtrend and closed above the consolidation box. The setup suggests a potential bullish reversal with targets at $123 and $146.8.

Technically, the structure looks solid: a possible retest of the breakout zone could offer a great mid-term entry. Volume supports the move, and RSI is recovering from oversold levels.

On the fundamental side, Target is regaining investor confidence. The company is expanding its digital sales, strengthening brand partnerships, and improving supply-chain efficiency. Rising margins and better inventory management hint that profits may start to recover - just in time for the holiday season.

Tactical plan: as long as price holds above $94, bulls have control. The next target? Well… Target itself.

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