Going Short Target - Top End of RangeBought some July 28 $86 Puts. Just looks toppy here. Consensus among analysts is this should be around $76. It's had a nice run over the past month.
DYH trade ideas
Bearish credit call spread 85/87 June 28 for 1.16 creditTGT has clearly shown the first five parts of an elliot wave pattern, which indicate a peak and an ensued downtrend. This leads to a price target of $80 by June 27th. Max profit of $114/contract is reached at 84.72 and the breakeven is at 86.16. The maximum loss is $86/contract. This spread is 20 deltas negative, indicating our bearish sentiment. Technically, the bearish sentiment is further supported by a decreasing and negative MACD, a DMI- crossover of the DMI+, and the Parabolic Stop and Reverse indicator that switched to be over the candles.
$TGT #target #GoLongThink the daily has an opportunity for us to go long in TG this week. Will be going long.
Downside weekly risk is here as well - from that fib point I would anticipate a rise back up anyway.
attention Target shoppers...look out below!looks like a double top pattern formed on the daily and now with the news that there is a nationwide outage in the US over a big shopping weekend with Father's Day, my idea for this is that we see a big drop at the open on Monday.
Happy Trading Everyone!
TGT ready to break outMoving averages just crossed. Broke through resistance. Small pullback and then off to the races...hopefully.
Short $TGT (Target)If it wasn't for the still significant dividend yield, I would heavily short this,
TGT on the 22nd of MayHi guys I never share actually my trades here on Tradingview but perhaps sharing could help me and you to improve the trading practice! I post it as tutorial, just for you to understand my strategy and how I approach on stocks selection and risk management!
Here is the link to the trade : www.tradervue.com
Any comment or suggestion is more then welcome :)
TGT has a nice quarter report but the road to the north depends nice quarterly reported by TGT, but it has to prove itself to have enough strength to get out of the 5 year trading range by this week's close.
also showing a negative divergence so far, need a strong weekly close to change that.
$TGT Bullish and bearish Count in TargetTarget earnings is going to be very interesting for the broader market as NYSE:WMT NYSE:HD NYSE:KSS have all disappointing investors.
We have included two scenarios for Target post earnings tomorrow but our bias is on the bearish side. It is our belief that retail is suffering once again and sentiment is quite poor in the segment. They MA'S are very bearish and are holding down the price. A test of the December lows in the $60 range is our minimum target for the C wave with $54 a very bearish target.
Average Recommendation Overweight
Average price target $86
$TGT 15% gain incoming? Major support 100/200/260ma WEEKLY? $TGT100/200/260ma WEEKLY? MASSIVE GAIN INCOMING?
This $TGT Chart Signals Trouble...Shares of Target Corp $TGT are signaling a strong sell. Just two weeks ago, the stock chart put in multiple topping tails showing major distribution but big money. As the S&P hit new all-time highs over the past week, Target shares fell. In the last few days, those same tail formations are beginning again, signaling more distribution. It is likely Target Corp will start to break lower in the coming days, headed for the $80 target. Note the chart...
my countmy count at the moment. not sure that we should enter a trade right now or should wait a bit more for confirmation of a reversal. probably the later
TGT should reboundExpecting this stock to drop down to this support before rebounding from this gap down
TGT: Bullish Breakout on Seasonal Holiday EarningsTarget showed me all the ways to make money today. I took a small scale in a few days ago anticipating a good response to holiday earnings after they had a relatively lukewarm rebound from the late 2018 correction. Seeing the traffic at my own local Target, I was certain they would exceed expectations and they lived up to my hopes and more. After hours trading today was slightly down, but I expect this as some long term HODL'ers are finally realizing some profit, so there will be probably be more attention and buying for this household brand. I'll scale in and gradually ease my stops up to retain made profits at it rises. The profit taking found plenty of willing buyers, though, with the chart showing a black hammer doji that's a mild bullish signal with breakout confirmation needed in the coming days.
For technicals, a MACD has been positive but flat for some time with the histogram only now breaking out bullish. ADX is low but pulling upward suggesting a coming upward price trend with DI+ above DI- for a few weeks and diverging strongly with DI- crossing below ADX as a potential buy signal. RSI is breaking above 60 but still below 75 so there's still time to hop on board if this only going to be a short lived price trend, but this shows signs of a contrarian pull back upward from the trough of the recent market wide corrections.
This is likely to run up to 80 before really hitting it's first major resistance level and onward to 88 if it can sustain upward momentum long term. Expect a stair stepping pattern upward as well as watch close competitors like KSS and WMT and GPS and others to gauge sector and industry correlation.
Bearish TGTThis chart has some technicals suggesting an extended move lower is likely ahead. A break below the trend line could suggest a visit to the 59.20 level. It would be difficult to be long this stock at this levels...
TGT - Dancing at Resistance Even after a crazy week target is dancing around the resistance line. I believe it will continue to follow the downward channel, therefore this week I am planning to buy some put options.
