TGTCL trade ideas
Target about to rip & roar to the upside!This is a Daily chart of Target, currently in a very healthy uptrend.
The chart pattern i've drawn isn't exactly a cup & handle. You can argue that it's an inverted head & shoulder, although technically inverted head & shoulders pattern are usually a chart pattern to signify reversal from a downtrend. BUT I don't subscribe to the EXACT patterns, but more of the idea/ concept around chart patterns.
Whatever the case, price is currently at 20moving average and a weak down cycle (Stoch RSI hasn't reached oversold level), this signify to me that Target is about to surge up much higher.
Target profit 1 will be 200.
There's no Target profit 2 because there's no resistance/ ceiling.
Right now is a good time to buy in.
If you trade options, you can buy the At the Money strike with 2 weeks out (if you're aggressive) or 3-4 weeks out.
If you have a symbol that you'd like me to analyze, feel free to let me know in the comments!
Thanks!
TGT breakout heading into earnings From a TA standpoint, this is riding an uptrend since April and looking like a possible IH&S with desc wedge heading right into 3/2 earnings. On top of a weak WMT earnings where WMT noted a loss in market share recently, look for a run up into earnings banking on market share shifting to TGT. I believe new ATHs (204) will be tested in the coming weeks with all this considered
TGTTGT, with what looks like volatility is starting to contract. Will keep watching. Green on a very red day.
new highs for TGT soon! great dip entry her for tgt, chart speaks for itself really :D long 189 stop loss 181 and price target 208!
TGT Breakout WatchPrice is approaching the upper channel. If a breakout occurs it might be a good run up into earnings.
If its rejected with bad market conditions, it price could retrace to one of the two supports.
TGT to hit 210$?TGT has formed a channel pattern and is holding above 190$ for past few days.
Holding above this level, with the retail sales report coming in tomorrow and earning in March, it can test ATH 200 and can reach 210 to 220$.
NOTE: This is just a prediction and this cannot be taken as a trade advice!
$TGT 2/9/2021RSI is trending up from its previous Oversold bottom.
MACD has shown a Bullish sign
SQZ Mom is reversing from red
As well as it trading within its channel and potentially retesting its all time high very soon. bollinger bands also show support and resistance on the trend lines
Target has done well in the pandemic for its earnings beating expectations the past 4 times by a lot.
I think this trend continues. If Target can dip into the purple buy zone I will be looking at calls for March 5th 3 days after the earnings report.
about 4 weeks out
$TGT $197.5 C March 5th
Long TGTTarget recently having hidden bullish divergence on the daily RSI. Continuation in the channel with current target around $218/share.
TGT Channel & ER Run-upRetail hasn’t really been the play in the past couple of weeks but Target $TGT has proven itself to be a strong company throughout this COVID market. $TGT has been following the same strong support line since October, and has been holding the same trend line for the past year. $TGT hit its support on January 28th at the price of $178.01. Since then, it has pushed and closed at $188.86 on Friday February 5th. I alerted a position on Thursday for two 200 call contracts for March 19 expiry. Target has the upwards momentum and can see the levels of $190 then $194 and then a push to $200. Price target set at $200, could see this in the next one to two weeks - above that can run to 210-212 at the top of the channel.
TGT Inv HS??Might be a stretch but maybe an inverse HS on the hourly. Still strong though regardless.
TGT 4Hr TF bullish to $130If target can stay above $123 and breakout of the triangle, then I will long to $130
TGT ChannelTGT is currently at the top of the channel, with retail numbers recently coming out negative and all technicals pointing to a top, this red candlestick could mark the beginning of the reversal on TGT. IV is low, Puts could work, aiming for 180s by February.
$200 before March Earnings? - TGTPossible path before earnings.
RSI time frames from oversold and overbought 3 - 4 weeks.
Volume still low.
Will test $182 in 3 to 4 weeks.
30 min chart still shows room to go up before pull back
