DYH trade ideas
TGT - Dancing at Resistance Even after a crazy week target is dancing around the resistance line. I believe it will continue to follow the downward channel, therefore this week I am planning to buy some put options.
TGT, BBY Earnings: Retail Brick & Mortar Topping Patterns Target and Best Buy reported earnings today and their stock values fell, TGT worse than BBY. The retail brick and mortar stores are the last group to report each season. The ubiquitous AMZN has put most of this type of store at risk of total displacement as consumers prefer the ease and speed of online shopping over driving to a store.
Technical patterns are even more important in a downtrend as the 3 primary market participant groups that sell short are technically oriented rather than fundamentalist or emotional buyers or sellers. Study both weekly and daily charts before you choose stocks to sell short, in order to calculate potential support bounce levels, and to anticipate how far a stock can drop.
This is one of the newer topping formations that developed in the past few years as the market became fully automated for the Institutions.
updateGreen zone a key level to watch in TGT. I expect the price to react strongly (either up or down) when reaching this zone. Wait for price to react before making a trade or be sure to use stops based on your own risk tolerance.
$TGT INSIDE WEEK AND DOUBLE INSIDE DAYMONTHLY CHART BEARISH
WEEKLY CHART INSIDE
DOUBLE INSIDE DAY
MONTHLY CHART TELLING US TO FAVOR SHORT
PREFER A GAP UP TO SHORT ON WEAKNESS
WILL PLAY EITHER SIDE THOUGH
Target (TGT) earnings: revenue growth accelerating or not?Target Corporation (TGT) shares are trading at 83.27. The company is scheduled to announce its second-quarter results on August 22 before the opening bell. What's driving TGT stock price? What's TGT stock price forecast?
Analysts are keeping an eye peeled for market share gains after strong Walmart results last week.
Target is an iconic brand that's under threat from considerably larger and more powerful competitors Amazon and Walmart. The company differentiates itself through signature categories (apparel and wellness) that carry higher margins and faster growth rates than other areas of its business.
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TGTNow price is in the range between levels:
supoort level @72.45
resistance level @73.21
Enter if m15 hold above 73.25
Stop: 72.36
Target 1: 74.4
Target 2: 74.98
short TGT - Short Term TradeI have bought the puts for TGT ending next week. This has been falling for the last 2 days on decent volume.
My tgt : 75
SL : 78
Sharing a chart for a friend. Price prediction for TGTI believe that target has room to retrace to the $64 range. There is strong long term support at these levels and it could be a strong buy signal.
Good place to buy TGTGood spot to pick up some TGT. Lots of support (100 EMA, cloud and previous resistance). Additionally, TGT will be on a red 9 on the TD indicator, so a good spot for a price flip (at least temporarily). I'll put an $83 to $85 target on this, with timetable of 4-8 weeks. Bonus bullevidence... upcoming golden cross of the 50/200 EMA on the weekly.
Bullish CypherBullish Cypher with bullish divergence. It looks messy but it measures really well.
Measurements
- .786XC
- 1.27BC
