$TGT rises in technical breakout with no new catalyst except couple of analyst rating.
Target is expect to report their earning this week on 02/28/23 before market opens.
sometimes this happens when the stock is about to announce its earnings or pull back.
as fed rates continues to rise the interest I believe consumer will shop more wisely
on current market...
it was a tough 2022 for $TGT due to shortage of inventory or overstock inventory. their black Friday sales wasn't impressive along with their Christmas sales. on top of that, the inflation is making it hard for the consumers to spend their money.
despite the inflation, consumers learns to spend their money in smarter way. $TGT manage to control their inventory in...
Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Periods of accumulation followed by steep rises
Each rise seems to be double the % of the previous rise
An 800% rise from the trend line is next as price is in a steep rise phase on weekly timeframe
TGT will confirm the triangle pattern at $125, the triangle pattern for the target to $135 but the resistance is at $130
and if it breaks past the old peak of $130, TGT will have a chance to touch $150.
- Price is above support 1d (MA200)
- MACD supports the new rising trend
- Volume is awaiting confirmation
=> Offer to buy in two zones ($125 + $131) at a...
