TGT - Gap fill to $155TGT - stock has earnings gap to fill from $133 to $155. looking for calls if stock enters the gap. Stock has upside resistance at $140 and $150. on high watch
TGTB34 trade ideas
Liquidity displacement $1532 target to targetLiquidity created a great GAP kin order to take the previous bottom order left out. No major impacting news currently that could make market bearish with a small doble bottom and the floor of bearish flag formation with no actual waves of real flag.
Price prediction Target for Target $153 closure GAP to determine if the market should keep rising after.
TGT LONG IDEA. Going Lower First.I am waiting for a long term investment fill at the levels in my box. Going to load up at these levels and hold. I am not convinced we hold here. Might take a while to get to my box. Will be setting an alert and waiting patiently :)
TGT eyes on $130: Critical Support after Earnings DumpTGT dove off the cliff after its last Earnings Report.
Relief bounce has broken the first key hurdle so far.
That drops the odds of another dip to major support.
$ 129.41 - 130.06 is the immediate zone of interest.
$ 113.51 - 116.83 is major support for a good bottom.
$ 139.58 - 140.26 is the maximum bounce expectable.
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Target Target Practice Not necessarily looking for the bull's eye on this one, I was waiting for the first dot to be hit (was not convinced it was going to happen) before I made this public. Overall, the 2 first potential descending waves could be of interest if the purple holds as resistance (if we get back there), and also if a break and retest of the grey curve occurs.
What I am most interested in, regardless of the time span of this idea, are the 2 potential more impulse like waves highlighted with the arrows. Best to watch for candlestick patterns signaling potential reversals, or weakness in sentiment/mood potentially backed up by rumors or news for these 2 specific scenarios.
All elements in the project are potential support/resistance.
Target (TGT): A Buying Opportunity in the GapAfter three months of waiting and planning this setup on NYSE:TGT , we are finally buying shares following the recent drop into the desired breakout gap. Before this move, the stock hovered around the Point of Control (POC), making a breakout in either direction inevitable. This decline now provides a more favorable risk-to-reward ratio, setting us up to aim for the all-time highs once again.
If the level of wave (4) is breached, we will need to reassess our bullish outlook and consider a potential deeper correction. However, the setup remains promising as the 78.6% and 88.2% Fibonacci retracements align perfectly with the lower edge of the gap.
Historically, NYSE:TGT ’s oversold RSI since 2019 has led to a minimum 50% pump in four out of six cases, further solidifying our bullish view. The next critical level to watch is $180—reclaiming this resistance will be crucial for continued upward movement. Until then, we will stay patient and monitor the situation. ✅
TGT possible long term support zoneBig drop after ER. Dropping to a long term trend support. Inflection point. Could be a possible bounce buy area.
TGT LONGA little more risky of a play, earnings coming up,. Target is set to report its third-quarter results on Wednesday morning, with the market eagerly anticipating insights into U.S. consumer spending ahead of the holiday shopping season. Analysts remain optimistic about Target’s stock, with 10 out of 16 tracked by Visible Alpha holding "buy" ratings and nearly all setting price targets above the current stock price. Sales and profits are expected to show modest year-over-year growth, as Target has focused on lowering prices to attract back customers who were cautious earlier this year due to inflation concerns.
Already have first wedge breakout, 170 target still, second wedge I think will break out after tomorrow.. 168 target, tomorrow economic data / dealer weakness end should have market back in gear.
TGT long term buying levels would start to accumulate TGT from these levels, pierce of 100$ and 70$ as an investment
Target Watch the GapNYSE:TGT Watch the volume profile gap on TGT if it breaks below and buyers move to NYSE:WMT and short sellers step in it had more room to go. Earnings call is critical to them holding this level. Institutional buyers may step out as well. Very poorly managed company. This is a weekly chart.
$TGT - Potential inverse head and shoulderNYSE:TGT looks to be forming an inverse head and shoulders pattern with a full measured move to the $227 to $230 area.
The inverse head and shoulders pattern has been taking shape for two years, so don't expect the price to reach the target overnight.
The earnings report (ER) is on Wednesday morning. It will either make or break this setup. Watch the $180 area for a breakout.
The target and support levels are shown on the chart.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
TGT Long into 2025NYSE:TGT has been building a base for a couple months, and is breaking structure to the upside in the short term from discount of the current range.
Taking a long here targeting August highs and eventually break out to the upside above 2022 August consolidation.
Big pattern of TGT! 🔉Sound on!🔉
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TGT Reverse LongThere is over 22 million bids this week before earnings that shows a long biased for earnings. Looking to return to highs or until a big seller steps in.
Target’s Q2 Triumph: Earnings Beat, Surging Stock, & OutlookKey Takeaways:
- Target (TGT) shares surged over 13% after a strong Q2 earnings report.
- The company’s revenue and net income outperformed expectations, driven by increased store traffic and digital sales.
- Target raised its full-year EPS guidance, reflecting confidence in sustained growth.
A Strong Quarter Amidst Challenges
Target Corporation ( NYSE:TGT ) has delivered an impressive performance in its second quarter of fiscal 2024, surprising analysts and investors alike with stronger-than-expected earnings and a positive outlook for the remainder of the year. The retailer’s stock soared over 13% in pre-market trading on Wednesday, signaling renewed investor confidence in the company’s growth strategy.
Target ( NYSE:TGT ) reported second-quarter revenue of $25.42 billion, a 2.6% year-over-year increase, surpassing Wall Street’s expectations. Even more noteworthy was the 40% jump in net income, which reached $1.19 billion, a significant improvement from the previous year’s quarter. This robust financial performance is a testament to Target’s successful cost-cutting measures and strategic investments in key growth areas.
Driving Growth: In-Store Traffic and Digital Sales
One of the most encouraging signs from Target’s Q2 report was the return to growth in comparable store sales. After experiencing a year-over-year decline in the first quarter, comparable store sales rebounded with a 2% increase. This growth was fueled by a 3% rise in in-store traffic and an impressive 8.7% surge in digital sales.
Target’s ability to drive both physical and online traffic highlights the effectiveness of its omnichannel strategy. The company’s same-day services, including curbside pickup and same-day shipping, were particularly successful, contributing to double-digit growth in these areas. Additionally, discretionary sales trends showed meaningful improvement, with categories like apparel and beauty leading the charge.
Raising the Bar: Upgraded Profit Outlook
Buoyed by its strong second-quarter performance, Target ( NYSE:TGT ) has lifted its full-year earnings per share (EPS) guidance. The company now expects full-year EPS to range between $9.00 and $9.70, up from the previous forecast of $8.60 to $9.60. This upward revision reflects Target’s confidence in its ability to navigate ongoing economic challenges while continuing to deliver value to its customers.
For the third quarter, Target ( NYSE:TGT ) projects flat to 2% growth in comparable sales, with EPS expected to range between $2.10 and $2.40. Despite a cautious outlook on sales growth, the company’s profitability remains strong, underscoring its resilience in a competitive retail landscape.
Value-Driven Strategy in a Competitive Market
During an interview on CNBC’s “Squawk Box,” Target CEO Brian Cornell addressed concerns about inflation and price gouging in the retail industry. Cornell emphasized that Target operates in a “penny business,” with thin profit margins that leave little room for price inflation. He highlighted Target’s commitment to providing value to customers, a strategy that has resonated well in an environment where consumers are increasingly budget-conscious.
In response to shoppers’ concerns about rising prices, Target has implemented strategic price cuts on thousands of everyday items, including essentials like diapers and peanut butter. This approach has successfully driven higher traffic to Target’s stores and website, with the company reporting a 3% increase in customer traffic during the quarter.
Cornell’s comments reflect Target’s broader strategy of appealing to consumers who are carefully managing their budgets. By focusing on value and competitive pricing, Target has positioned itself as a retailer of choice for price-sensitive shoppers, even as inflationary pressures persist.
Financial Strength and Strategic Investments
Target’s strong financial performance in the second quarter is also reflected in its operating results. The company’s operating income margin rate increased to 6.4%, up from 4.8% in the same period last year. This improvement was driven by higher gross margins, which benefited from cost improvements that more than offset higher promotional markdown rates.
In addition to its earnings performance, Target ( NYSE:TGT ) continued to deploy capital strategically. The company repurchased $155 million of its shares in the second quarter and paid $509 million in dividends, reflecting its commitment to returning value to shareholders. Target’s after-tax return on invested capital (ROIC) also improved, reaching 16.6% for the trailing twelve months, compared to 13.7% in the previous year.
Conclusion: A Retailer on the Rise
Target’s second-quarter results underscore its resilience and adaptability in a challenging retail environment. The company’s strong earnings, improved profit margins, and upgraded full-year guidance signal that Target is well-positioned to continue its growth trajectory. As it navigates the complexities of inflation and changing consumer behavior, Target’s focus on value, digital expansion, and strategic investments will be key drivers of its success in the coming quarters. Investors and market analysts will undoubtedly be watching closely as Target continues to execute on its growth strategy.
Target Potential Downtrend Line Breakout At $147.83 21.08.2024Apply risk management
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Disclaimer
TGT: Minor Wave 2 of Intermediate Wave 3 of Major Wave 5TGT is about to end Minor Wave 2 of Intermediate Wave 3 of Major Wave 5. Earnings will bring this stock down to between $123 and $109 for the end of minor wave 3 before a small bounce into minor wave 4.
TGT Target Corporation Options Ahead of EarningsIf you haven`t sold the speculative bubble:
Now analyzing the options chain and the chart patterns of TGT Target Corporation prior to the earnings report this week,
I would consider purchasing the 135usd strike price Puts with
an expiration date of 2025-4-17,
for a premium of approximately $9.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Target (TGT): Ready to Break Out of Its DowntrendWith Target, we have another major player in the US retail market, and we prefer its price structure over Walmart's. After completing Wave (3), Target experienced a significant sell-off, forming Wave (4). Currently, it appears that an inverse head and shoulders pattern is developing, which could signal a bullish reversal. The neckline looks particularly strong, and I will have a bullish outlook once this neckline is reclaimed.
There is a breakout gap following the completion of Wave (4), which might be revisited. However, for a well-formed head and shoulders pattern, we should see some momentum soon to create two shoulders at the same level. As long as the Wave (4) level at the Point of Control (POC) holds, we expect more upside, either after a slight dip into the breakout gap or immediately following the earnings report next week.
TGT D1 Long Aggressive Investment TradeAggressive Trade
- short impulse
+ biggest volume T1
+ support level
+ volumed 2Sp+
+ weak test
Monthly context:
"+ long impulse
+ SOS level
+ support level
+ close to 1/2 correction"
Will run 50% to 2R and the rest to Monthly T1
TGT shortNice head and shoulders break on TGT as the overall market is experiencing a correction. I would expect continued decline here, but may come up to the blue or red moving averages first.
