DYH trade ideas
$TGT TARGET ELLIOTT WAVE ANALYSISHeres my thoughts on $TGT, we could be in a nice extended three wave which I believe might be topping sometime soon near the 230's-240's . Im still very bullish longtern. Everything else is on the chart, If anyone has questions or wants me to look at something feel free to reach out.
TGT ShortUptrend Wedge break down + revisit
RSI divergence
Short 216
Stop 220
Target 180
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
Target beats Q1 earningsTarget Beats. Target (TGT) reported Q1 April 2021 earnings of $3.69 per share on revenue of $24.2 billion. The consensus earnings estimate was $2.26 per share on revenue of $21.3 billion. Revenue grew 23.4% on a year-over-year basis.
R3 = $221.89
R2 = $217.59
R1 = $213.28
pivot = $209.41
S1 = $205.29
S2 = $200.99
S3 = $196.70
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
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7pt Trading compass:
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Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
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+5% portfolio trades, capital risk management
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Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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TGT - Parabolic Steps PT 257This pattern will take some time to play out but the direction is clear. Chart formation implied a final move for 257 PT. GL!
TGT Long IdeaTGT has been on a bull run the past few weeks and it currently trading at ATH. Price just broke ascending triangle, gapped up and now is on a bull flag setup.
1. Price trading at ATH and now forming a bull flag.
2. Caution; Red candle on the 1hr chart with big red volume. Price might do a quick retest on 207-206 area for the next move up. However, on a longer term, daily candle shows big green candle with a bigger than last green volume. (bullish, mid term)
3. RSI on Daily and Hourly time frame is around the 70 level. (near overbought)
Scenario:
1. Breakout play; entry zone just above 209.59 resistance level.
2. Pullback play; entry once price gets rejected from the 206-207 resistance area.
Target1; 215.80 area with rejection candle
Target2: 219.63 with trend continuation.
TGT Bull Flag Target looks like a Bull Flag Pattern. Target is currently at the $200 level. There is a hard resistance around this $201 level (as you can see, we have failed to move above it previously 3 times in the recent period). If we are able to hold this level and with more volume, the fibs indicate a breakout to $210 is possible. However if we can't hold this level and get rejected, we will probably retrace back to this $196-197 level where the 61.80% fib re-tracement lies.
Support: $198.40, $196.05
Resistance: $201.38, $201.79
$TGT Target - Breakout Retest -> Bounce$TGT Target - Breakout Retest -> Bounce
Broke out last week and closed above $200 resistance. Dipped this week but closed back above $200. Expect to see a strong move into the $200s over the next few weeks.
Medium term target - $240 possible by late July
Note: This is NOT investment advice. Educational only.
TGT 1DTGT looks really strong here. it needs to hold 200$ so I will be looking for a re test of the old resistance (200) where now it should be new support for a move to 210-220.
DinOsaUr mean up to 199 or higherAfter hours of research and technical data, I have come to the conclusion of dINosaUr.
TGT price target of 204$TGT broke out from a falling wedge and the price target is around 200$ to 204$ before we experience some turbulence.
TGT over 189.00Retail charts are looking strong into the next week and may benefit from stimulus spending. Looking for TGT to back test the ~185 level after it ripped last session. 189.00 area is a high volume node to watch out for and enter over.
$TGT$TGT breaking through my 174 entry today. If we can bounce off the 176.90 level, I expect to see more upside!
