Our wedge on the four hour chart continues to get tighter.
Can play a break of this in either direction.
Upside will likely be confirmed with a break of 144, while downside is confirmed under 137.
TGT has hit the 1.618 fib retracement to the downside as support and I am going long here. First target is $158 and second is $167.
Not financial advice
Price is below the neckline.
Long impulse wave up and price is well below the neckline.
Short percent is 1.81%.
Price is below the bands set on 80 so possible bounce to the upside soon. Price being below the bands can be a bearish signal, but when price is stretched to the downside, it is not unusual for price to snap back in, even if temporarily. This looks...
nasty gap down! many names like this go sideways for a while after a big drop so be careful chasing longs or puts and wait for confirmation.
watching calls above 168.86, puts below 145.93
After Earnings Report and the massive sell-off, TGT spent the last few days in a sideways consolidation (rectangle) - One of my favorite setups.
Upside case: Above the top of the rectangle (155.81) I would go long targeting 161.50
Downside case: Below 150.95 I would go short targeting 146.
I am treating every trade as a scalp and I have not been holding any...
TGT (Target), consumer defensive play crashing on bad earnings and inflation concerns....
Weekly chart.
Now oversold. Can we go lower?
Here are the levels I'm watching to enter:
- 139.30: I'll be buying if we reach that level. If it holds it will be a long term investment for me. If it just bounces and drops, I'll be selling and looking for the next level.
-...
Target is going to a minimum of $135 and could see as low as 102$. I tend to favor the latter. The stock is currently correcting from a run that started decades ago if you look on the monthly time frame. At a minimum these correct 50%. Anything lower than 135$ is a buy.
The PEAD projected a Bullish outlook for $TGT after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 71.43%.
Target Corporation (TGT) surprisingly missed their earnings yesterday by a wide margin. This caused the price to close almost -25% from its Tuesday closing and even though this is fundamentally far from an ideal situation, technically it hit and marginally broke the bottom (Lower Lows) trend-line of the Bearish Megaphone pattern it has been trading in since...
Earnings watch 5/18:
EDRY
ADI
ZIM
CPRT
CSCO
CL
LOW
TJX
TGT
BBWI
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt...
This candle on daily has a long top wick/shadow so far today. Weekly candle is a red Marubozu with a shaven open and a shaven close.
A marubozu candlestick is a either bullish or bearish candlestick. They are larger candles and don't have any upper wicks or lower shadows. They are typically green on charts when bullish and red on charts when they are...
TGT Target CEO Brian Cornell: "We never expected the kind of cost increases in freight and transportation that we're seeing right now".
Net Sales: $25.17 billion vs. $24.47 billion estimates
Gross Margin: 25.7% vs. 29% estimates
Diluted EPS: $2.19 vs. $3.07 estimates
TGT Target continues to expect low-to-mid single digit percentage sales growth this year....
Target
Short Term - We look to Buy at 160 (stop at 140)
This stock has recently been in the news headlines. They reported a surprise earnings miss and this sent the share price plummeting in the premarket. This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside. Dip buying offers good risk/reward. Further...
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
