Tgtstock
TARGET $TGT - Mar. 25th, 2024TARGET NYSE:TGT - Mar. 25th, 2024
BUY/LONG ZONE (GREEN): $170.50 - $184.00
DO NOT TRADE/DNT ZONE (WHITE): $163.25 - $170.50
SELL/SHORT ZONE (RED): $150.25 - $163.25
Weekly: Bullish
Daily: Bullish
4H: Bullish
NYSE:TGT had strong bullish momentum on March 5th, we saw a slight pullback after with steady bearish structure on the 4H timeframe, and then a break back above structure to create a new bullish zone to begin looking for entries. The DNT zone is marked in the event of a breakdown of the bullish structure. The bearish trend would begin at the bottom of the overall structure of the previous bear leg.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
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TGT stock has both stepped back on 2.618 in golden sectionTGT stock has both stepped back on 2.618 in golden section
This figure shows the weekly candle chart of Target Corporation's stocks over the past two years. The top to bottom golden section is superimposed in the figure. As shown in the figure, Target Corporation's stock peaked three times in August and November of last year, reaching its highest point in January of this year, reaching the 1.618 position of the golden section in the figure! Moreover, the two low points of Target Corporation's stock this year have both stepped back on the 2.618 position in the golden section of the chart, and are about to reverse and move upwards!
$TGT entered the squeeze going up?$TGT rises in technical breakout with no new catalyst except couple of analyst rating.
Target is expect to report their earning this week on 02/28/23 before market opens.
sometimes this happens when the stock is about to announce its earnings or pull back.
as fed rates continues to rise the interest I believe consumer will shop more wisely
on current market inflation.
but with these cyclical market I think retailers and other consumer goods are still
a good defensive stock.
I'm not really confident on their up coming earnings based on their last earnings.
TGT misses the eps last time despite the holiday boost.
here's my price level for TGT
TGT average price move per day is $4-$5 per day depending on market volatility and catalyst.
Below is the price level I'm looking for entries and exit for TGT:
Buy call above 168.68 and sell at 170.90+ or above
Buy puts below 165.79 and sell at 163.77 or below
make sure that you set up alerts on those key level so you wont miss the move.
and always to take your profits as you see one.
$TGT for long term?it was a tough 2022 for $TGT due to shortage of inventory or overstock inventory. their black Friday sales wasn't impressive along with their Christmas sales. on top of that, the inflation is making it hard for the consumers to spend their money.
despite the inflation, consumers learns to spend their money in smarter way. $TGT manage to control their inventory in the right way and slowly replenishing their shelves in the meaningful way. within the couple of months target got upgrade and downgrade
twice for from hold to buy and outperform. stock price of target is very attractive right now and might me a good for long term hold.
$TGT typical price move is about $2.00 to $4.00
Below is my price level entry and exit for intraday trading or scalp play.
the stock looks extended in 1hr chart. I suggest to wait about 30min to 1hr at the
opening bell before following the stock.
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For calls; buy above $161.49 and sell at 163.27 or above
For puts, buy below $158.34 and sell at $157.27 or below
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Bot generated technical analysis:
Last price: 160.12
1st resistance level: 161.70
2nd resistance level: 163.27
1st support level: 157.90
2nd support level: 155.67
Honorable mentions: $WMT technical looks good and momentum still looks solid.
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Hi and welcome to this free technical analysis . ( mostly momentum play )
I am going to POST where i look for possibly entry and exit for intraday or scalp for trading.
I will try my best to make the idea short and simple as possible.
If you have any questions or suggestions on which stocks I should analyze, please leave a comment below.
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TGT Target Corporation Options Ahead Of EarningsIf you haven`t sold TGT at the previews earnings:
Then looking at the TGT Target Corporation options chain, i would buy the $182.5 strike price calls with
2022-8-19 expiration date for about
$2.93 premium.
Looking forward to read your opinion about it.