Samirp01

TGT Channel & ER Run-up

Long
NYSE:TGT   Target Corporation
Retail hasn’t really been the play in the past couple of weeks but Target $TGT has proven itself to be a strong company throughout this COVID market. $TGT has been following the same strong support line since October, and has been holding the same trend line for the past year. $TGT hit its support on January 28th at the price of $178.01. Since then, it has pushed and closed at $188.86 on Friday February 5th. I alerted a position on Thursday for two 200 call contracts for March 19 expiry. Target has the upwards momentum and can see the levels of $190 then $194 and then a push to $200. Price target set at $200, could see this in the next one to two weeks - above that can run to 210-212 at the top of the channel.

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