$TGT Bullish and bearish Count in Target
Target earnings is going to be very interesting for the broader market as
WMT
HD
KSShave all disappointing investors.
We have included two scenarios for Target post earnings tomorrow but our bias is on the bearish side. It is our belief that retail is suffering once again and sentiment is quite poor in the segment. They MA'S are very bearish and are holding down the price. A test of the December lows in the $60 range is our minimum target for the C wave with $54 a very bearish target.
Average Recommendation Overweight
Average price target $86
WMTHDKSShave all disappointing investors. We have included two scenarios for Target post earnings tomorrow but our bias is on the bearish side. It is our belief that retail is suffering once again and sentiment is quite poor in the segment. They MA'S are very bearish and are holding down the price. A test of the December lows in the $60 range is our minimum target for the C wave with $54 a very bearish target.
Average Recommendation Overweight
Average price target $86
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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.