Insider Selloffs combined with a poor technical setup, TGT looks incredibly weak at its current trading price of 225.40. TGT has been trading within a rectangular channel for the past several months (albeit not a particularly well defined channel but a channel nonetheless). It has tested the bottom bounds of this channel twice including a false breakout recently on the 21st of December. With any substantial selling volume, I expect a rather violent swing to the downside here for TGT. I expect TGT to see 189.50 per share soon and likely even hitting 165.70 levels sometime in the near future.
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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.