Possible TGT bullish pennant formationIf price action closes above flag's upper resistance level, expect a brief retest of resistance to establish support and then a continuation higher. NYSE:TGTLongby Veralto1
Possible bullish flag breakout on TGTIf price action closes above flag's upper resistance level, expect a possible retest of resistance to establish support and then a bullish continuation. NYSE:TGTLongby Veralto1
TGT Swing Trade on a pullback into the 10/20 EMALooks like a good place for Target to pullback before continuing bullish. The stop is below the 10, 20, and 50 EMA on the hourly, as well as the 100 and 200 SMA. I believe that will be too many averages for it to breakthrough to trigger the stop. Hoping to be in this trade for less than 2 weeks.Longby BruceD9751
Quick swing tradeWho knows what happens with the crazy volatility in the markets, but I'm hoping for a small pullback on Target to trigger this bad boy. I figure it's going to move quite a bit tomorrow. Time will tell.Longby BruceD975111
High Strength Hi guys. I see there is tons of potential here. Apart from the technical analysis I don't see another store with so many customers. Bullish in my humble opinion. Thank you for taking a look. Longby UnknownUnicorn2141791Updated 2
Triangle or Pennant Breakout | Andrew AponasI analyzed TGT from the Monthly-Daily. From what I can tell it looks like TGT just sold off in a strong bearish down trend on the weekly chart, however price may now be entering a period of accumulation by the insiders. The Blue sideways moving channel is drawn from the weekly and the grey upward moving channel is for the current price action.I have also drawn a test ceiling and supply and demand lines from the monthly. The demand line is drawn exactly where the top of the weekly channel is. I have a bullish breakpoint already drawn on the chart which has signaled an entry to buy, however price is consolidating in a small pennant or triangle, confirmed by the declining volume. I also took note of the last major price waterfall which could have been the insiders buying into the markets selling, thus accumulating their position. It is difficult to conclude where price may breakout to, in the past it has reversed bearish at this ceiling; and the market may be overbought. Price has already diverged from the breakpoint signal, and the indicators (fast) are all overbought calculations. I will stay neutral and wait for confirmation of the direction of the breakout, which will be from the indicators and volume. Thank You, God Bless. Aroon I have set at a faster speed and found both lines descending in uniform confirming this period of consolidation, the first line that breaks the 50% line will be one signal of the direction of the breakout. MACD I have set at a faster speed and can see this may be a good pivot point for a reversal however the histogram is still bullish and has the potential to remain above the 0 line and the lines are threading together which in my experience signals price is still in a trend, which means the bullish trend may still be my friend. Stoch. I have set at a faster speed and have noted that price is in an uptrend threading since 11/15 and has not confirmed that the plot below overbought is signaling to sell. This also may suggest the bullish trend is still my friend. finance.yahoo.com finance.yahoo.com finance.yahoo.com www.stockconsultant.com www.stock2own.com www.opiniontrade.com www.predictwallstreet.com by UnknownUnicorn15643301
Break Points | Break Point Signals | Break Point Signal Lines | Hi I am going to introduce a concept that I learned from trader, user-name gumbtg. Although the concepts were never formerly named while I was learning them from this young trader I have dubbed them "Break-Points" which are a class of intersecting points and can be used on any chart, time frame, or indicator. The concept remains the same through out each different application. What is a breakpoint? A breakpoint is the intersecting point plotted after the trendline is broken. In example if the trendline is bullish and price finally reverses to break the trendline bearish the exact point at which price has broken the trendline is then plotted, as seen with the transparent blue ovals. This becomes the breakpoint. From this breakpoint, which remember is a class of intersecting points, the Break Point Signal Line is drawn. The Break Point Signal line is a horizontal line that extends outward and remains active until broken, as seen with the orange horizontal lines. Once price trades in this same example bullish and close above this line a break point signal is confirmed. What is a Break Point Signal? The breakpoint signal in this example is a bullish signal to go long, once price trades back above this horizontal line and closes there it signals a buy signal to go long, as seen with the blue tailless arrows. To summarize: Bulls, the intersecting point where the trendline has been broken creates a signal to go long AGAIN once price closes above this value. And Vice Versa. The bear side is the exact same concept except it is applied as an inverse, once price closes below the signal line it confirms a signal to sell short AGAIN. The signal is always in the same direction as the original trend. The Signal line is always a horizontal line drawn from the intersecting point where the trendline was broken. I learned these concepts from another Trading View Member, Username GUMBTG, who I will tag in the comments below. Please visit his profile for more examples and trade ideas specific on breakpoints, however I do not know if he is or will be calling them Break Points, Break Point Signal Lines, and Break Point Signals. Those names I guarantee will be refereed to in my analysis on my trading ideas. Thank You, God Bless.by UnknownUnicorn1564330445
$TGT ready for a bounceI think I missed part of the ride from the 50ish, anyway good resistance on the 200MA with a cone type trend lines, Maybe it will break away??????? let see if it works long.Longby sfl_tradesUpdated 1
on $TGT retail not deadlooking good inverse head and shoulder holding. Lets see the Friday closing price. Good LT portfolio name.Longby fallingumbrellaman3
TGT - HnSPlaying HnS pattern with QRetest, MRetest & LRetest. Buy low, sell high. Entering LEAPS.Longby kdubbw122
Target’s Still “On Target” to $45 Support $TGTTarget ($TGT) Weekly: Like many of its peers in the industry, Target is trying to find direction and support after the Amazon news on acquiring Whole Foods, as well as the general weakness in the retail sector. Although it appears to be a more favored stock over, say a stock like Walmart, mainly because it’s been beaten up for a year as the retail sector struggles, and some view it as a bargain at these levels, I still think that this is headed to find support at the $45 level, perhaps leading in to its earnings in mid August. It has hit the lows of around $50 and added a couple of bucks since then, and it may look to test that 50 day moving average resistance at around $55, I think the long term magnet is to the historically important $45 level in the next few weeks, if not months. Monthly view remains to show more room to the downside to come before the stock is solidly in oversold territory.by grenadetrade4
Target's Near Term Price Target to $45 Looking for SupportTarget ($TGT) Monthly: Target is getting smacked in kind with rest of the retail/grocers after today's announcement of Amazon's ($AMZN) buy out of Whole Foods ($WFM). When companies like Kroger ($KR) are experiencing these kinds of slashing downside moves, it's a good idea to take a breather and stay out of these stocks and let things settle out, instead of falling in to the temptation of guessing the bottoms and picking prices because they've come down so much in such little time. Just because a stock has had a 10-20% move PER DAY doesn't mean it can't go lower - in fact, when broad market/sector conditions are disrupted, the tendency is for people to hit the exits, and not catch falling knives. I've expressed these views on reddit to some folks who are itching to get in these stocks today. Target shows a long term support at around $45 level, as shown in the monthly chart below. Looking at the RSI and MACD, i would expect this support to be tested in the near term, which means $TGT has further room to the downside. This also represents the .618 fib level. Having broken down from a multi-year channel from 2009 to beginning of 2017, i would expect price pass the .5 fib level (which it did) and extend to the .618 level given the technicals show more room to go. As always, watch the RSI and MACD to support higher moves in price, as indication that it may be turning around and headed higher. Right now, that's just not the case. Caution is recommended.by grenadetrade2