Target CorporationShort
TGT Retracts From the Double-top Targeting $161
Updated
TGT share formed a bearish double-top pattern by retracting from January high.
The first bearish target would be 161.54 level and the EMA-25. Breaking below those lines shall pave the way for the next bearish area target between 159.49-158.34 levels. The area between 155.71-154.84 levels would be the further bearish targets ahead of breaking below the previous area.
On the bullish side, a breakout above 165.59 may invalidate the double-top pattern and the buyers may target 167.28 level and 169.19 further.
The first bearish target would be 161.54 level and the EMA-25. Breaking below those lines shall pave the way for the next bearish area target between 159.49-158.34 levels. The area between 155.71-154.84 levels would be the further bearish targets ahead of breaking below the previous area.
On the bullish side, a breakout above 165.59 may invalidate the double-top pattern and the buyers may target 167.28 level and 169.19 further.
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1st target reached.
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