TGT: Descending triangleDescending triangle on descending volume
Descending ATR
May signal a trend reversal
Cons:
200MA = bullish
250RSI = bullish
If confirmed
Targer = 99$
TGTD trade ideas
TGT - We may become bearishWe were previously optimistic about NYSE:TGT and managed to get out at a break-even point.
If it drops below 114 we're gonna' look to enter into a short.
That would take us to 106 as next support.
TGT - BUYWe entered into a long-term Target position yesterday.
Riots and COVID will cause small shops to go out of business or close up during repairs. Therefore, people will turn to the larger chains.
Target is the type of store you go in looking for one thing and come out with 10. That's only going to increase as there become less small business to compete with.
If anything, it's a good place to store come cash in between positions.
You could also wait for a clean break-through of 130 before entering.
TGT Predictions for next weekDefinitely fell, even with good earnings.
Trend lines are updated here and should see the bounce into next week.
$TGT Oversold Finding Support$TGT Oversold Finding Support
Assuming trendline holds, price target $128.00 by end of May.
TGT LongSimple ABC Correction + Support + Bullish Momentum + Divergence (Lower Time Frames)
Initial Price Target: 124.12
Secondary Target: 128
GoNoGo suggests Target is oversoldIs Target oversold? GoNoGo Trend is a “Go” but in all trends there are counter trend corrections. The red arrow above the last bar shows that the GoNoGo Oscillator was at an extreme and suggests that Target may move lower over the next few bars.
If this happens look for the GoNoGo Oscillator to bounce off zero and a green circle for a possible entry into the trend.
TGT Movement predictionsEarnings didn't show immediate positive results but summer time spending will jump
BUY with TARGET DailyHello traders, TRAGET has been forcefully rejected by sellers it is plausible that she will pull back and go up
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Speculative Wave Analysis on TGT (Buy in Pullback)...!Buy in pull-back (112 nearby)
Expected advanced predicted HH at (120 nearby) .
The price already entered into bullish because Previous LH 119 and CMP 119 nearby .
TGT possible pre earnings playIt has broken out of the resistance channel and gapped up off the resistance. I'd say this is Bullish. A backtest here definitely looks like a buy if you feel so inclined. stop loss area is a break of $113.
Buy TargetTarget Corporation (NYSE: TGT)
Target Corporation is a well known discount store that been around over 100 and went public around 1967.
JesusTrade Score:
Buy
Scale Score
Risky (7/10)
Portfolio Hold:
Monthly Swing
Fundamental Reasoning:
With earning around the corner, their numbers need to be payed attention (up the trade score due to earning being need). Year over year, store sales are up 20% and online sales up 200% April 2019 compare to April 2020, Target store sales are up 5% and Online sales up 4%. With rumor of recession around the corner and COVID-19 still active. This should be a good pick up.
