$TGT Target - Breakout Retest -> Bounce
Broke out last week and closed above $200 resistance. Dipped this week but closed back above $200. Expect to see a strong move into the $200s over the next few weeks.
Medium term target - $240 possible by late July
Note: This is NOT investment advice. Educational only.
After a solid ER and a nice chart. $TGT looks great to go long here.
Target exceeded Wall Street’s expectations for the fourth quarter, thanks to a strong holiday season and stimulus checks.
[*}The company has gained market share with its e-commerce offerings and wide range of merchandise, as retail competitors temporarily closed and saw sales...
From a TA standpoint, this is riding an uptrend since April and looking like a possible IH&S with desc wedge heading right into 3/2 earnings. On top of a weak WMT earnings where WMT noted a loss in market share recently, look for a run up into earnings banking on market share shifting to TGT. I believe new ATHs (204) will be tested in the coming weeks with all...
TGT has formed a channel pattern and is holding above 190$ for past few days.
Holding above this level, with the retail sales report coming in tomorrow and earning in March, it can test ATH 200 and can reach 210 to 220$.
NOTE: This is just a prediction and this cannot be taken as a trade advice!
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...
TGT is currently at the top of the channel, with retail numbers recently coming out negative and all technicals pointing to a top, this red candlestick could mark the beginning of the reversal on TGT. IV is low, Puts could work, aiming for 180s by February.
Target pretty much top of channel that extends back further than shown here
Might be decent opportunity to seek a pullback test 180 previous high...
Had quite the move recently
Options Call open interest all around 185s Jan & Feb
Though its not really a heavily traded options name
Also it's not a super liquid name in general so is prone to decent gappy moves...
PFE is an enormously profitable company that is not in fashion with the momo crowd or the new kids chasing sexy names. It is however an A+ company with staying power and good dividend yield, a better alternative to bonds in today's near-zero interest rate. As SPY correction is highly likely, it is perhaps a place to park some cash.
Also, the market has shown...
AMZN WAS ABLE TO CLOSE ABOVE THE 3250 LEVEL ON FRIDAY. LEVELS ABOVE ARE, 3286, 3313, 3344, 3383.
Amazon Prime Day is on Oct 13-14th.
WMT, BBY, TGT next week will be offering their own online discounts and promotions. So I would keep those on watch.