Target Corporation is exhibiting signs of potential bullish momentum, with a notable weekly gap around the $100 level. The stock is currently trading near its 52-week low of $103.46, suggesting a possible rebound opportunity.
A breakout above the $120 level would confirm further strength, positioning the stock to target the $139.68 resistance. This trade setup offers an attractive risk-to-reward ratio, with a stop-loss set at $98.12 to manage downside risk.
The Relative Strength Index (RSI) for TGT is currently at 23.12, indicating oversold conditions and a potential for a bounce.
This combination of technical indicators supports a bullish outlook for TGT, with a potential move toward the $139.68 resistance level.
TGT
A breakout above the $120 level would confirm further strength, positioning the stock to target the $139.68 resistance. This trade setup offers an attractive risk-to-reward ratio, with a stop-loss set at $98.12 to manage downside risk.
The Relative Strength Index (RSI) for TGT is currently at 23.12, indicating oversold conditions and a potential for a bounce.
This combination of technical indicators supports a bullish outlook for TGT, with a potential move toward the $139.68 resistance level.
TGT 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.