TGT Short PositionHi traders,
let´s take a look at TGT analysis.
Wait for the price to retest the resistance zone and enter the short position.
Our estimated target is 132.14$.
Entry and stop loss are indicated on the chart.
Good luck
DYH trade ideas
Will it hit my $TGT?With NYSE:TGT struggling to find its footing after its May downturn, it's due for good news. The upcoming earnings report might be the catalyst needed to challenge the persistent downward trend. Despite lagging behind NASDAQ:AMZN and NYSE:WMT , TGT is working hard to regain ground it suffered from overstocking issues and inefficient offloading strategies like promotions and sales, logistics updates, and donations. Anticipate news about these strategies, and potential dividend increases to attract new investors.
Bullish Case - TGT, currently range-bound, is trying to incorporate pandemic-related impacts into its pricing. It's at least a $150 stock and should be valued accordingly. The downtrend is a reaction from major investors who want resolution to existing issues and a plan for longevity. They've had plenty of time to address these issues.
Bearish Case - It's a range-bound distribution phase. Note how it's retracted over 50% of its gains from the pandemic low. Typically, continuation is 38%, but it's even surpassed the .618 golden ratio. It would be wise to avoid complications and let sleeping dogs lie. Claiming it would return to pandemic levels is too aggressive, but a price just above $100 should attract stronger supporters for a rebound.
Conclusion - TGT isn't a fan favorite, and understandably so. However, the aggressive pullback is noteworthy, even WMT didn't face this level of pressure. The chart below shows a substantial divergence, presenting an opportunity. At this point, the ball is in TGT's court. How they act in the latter half of the year will determine their fate.
Bullish - 140.27
Bearish - 125.25
TGT appears to be breaking out of the short term channelTGT appears to be breaking out of the short term channel after bouncing off of support at 130
TGT 12hr Chart Watching TGT leading up to earnings. This looks bottomed and expecting good earnings based on the inflationary trade.
Interested to see the price action as earnings approaches with the number of gaps on the chart.
TGT 6R short ideaTGT is showing big sign of weakness and try to go back to 100s . let me know what you think
Another leg down for TGTIt looks like Target is breaking down once again, after consolidating for months. I was originally looking to go long but I opened a small put position for September.
TGT looks ready for a pump Looks like it's in accumulation after price dropping because of woke boycotting
Major Support Broke on Target. TGTABC downward zigzag. Gentle ABCD triangle for B Wave here. Confluence of Fibonacci goals shows us some good targets. Bolinger Bands are squeezing. My guess is we are in Wave 4 of a SubWave 3 of an undetermined degree.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Target ready for more downside (Daily)Target is approaching another downturn as we have just finished off the micro wave 4 correction inside the wave 5 down. If we take a look at the top of the macro wave 4 (which is in yellow) we can see I have drawn out the micro wave count of the macro Wave 5 we are in.
The Fibonacci levels fit in with the Wave 2 and Wave 4 corrections inside this downturn. With this being said I see more downside coming for this stock and is a good time to probably get some PUT OPTIONS flowing because we have seen rejection at the .236 rejection pretty heavily
Target for long term investingI chose to invest in Target based on its price point, considering the double bottom pattern that I identified on the chart. This entry point seemed favorable to me. As expected, the stock then reached my resistance level, providing evidence that charts can be useful in making decisions regarding entry and exit points. While chart analysis is not flawless, it does assist in decision-making processes.
Bottom Likely InTarget has obviously taken a beating for reasons that shouldn't need explaining. However, I do believe that the bottom base is between $128-$132 which it could reverse from.
Keep in mind: bottoms can take weeks, if not a month(s) to form, so there needs to be patience here.
Not financial advice, best of luck :)
Target must break above resistance or more downside (Weekly)Target has been in a downtrend for awhile now, and it will continue to fall 100% if we do not break above this resistance line where Wave 3 had ended. If we are to break above this line it would give me a sign that Wave 5 has ended and have upside coming. Until then, we must wait.
$TGT with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:TGT after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
Target-ing (TGT) a LongThe Setup
Target NYSE:TGT has had a very bearish fall off All-Time-Highs over the last 2 years. It has finally retraced the entire length of its run from the 2019 Pre-COVID High and returned to it as potential Support. Price MUST hold here or else continue down to lower levels in the "Valley of Risk". It is worth a trade off this level.
The Trade:
Today on the opening 30 minute spike we got such an opportunity for a low-risk entry. The price spike had an acceptable ATR Clearance per my rules and happened on the 50% Retracement of the June low to June high. The first Target is the June high with a following target of the 50% Retracement of the 2023 bear trend around 153.39.
Bullish Alert : TGTThe hourly chart shows a great bullish Alert at the bottom of the last downtrend.
Bullish Crossover already visibible.
Waiting for price action.
TGT analysis This how I see TGT share direction
One out of 2 best analysis
Digging deep could be best scenarios but if correction start eriler means stock will go up fast
Good to watch next week
Short TargetShort Target
Target (TGT) stock closed down by almost 1% today as short interest swirls around the struggling retailer.
Target a prime short candidate after repeatedly lower guidance.
Target has suffered some near-term losses recently, having been forced to slash prices to clear out overstocked inventories in many of its retail locations.
TGT: Buy ideaBuy idea on TGT as you see on the chart because we have a spring effect on vwap indicator and the support line.Thanks.!
Target is at WEEKLY AND MONTHLY DEMAND ZONESi am already Long in this trade. there is a potential upside from 127 .
Target upside??This is a daily chart. I feel target had a fast drop because of the Gay pride shirt release. The market over reacted and also forgets fast. I'm going to start a position Monday. Then DCA if it hits my buy zone. Possible fast jump to 140ish... what do you think?
at least 20%Analysts downgraded it, but technically and fundamentally, this action has the potential for a significant rise. Furthermore, within its group, it has the strongest fundamentals.
TARGET has more room to the downside, reversal zone identifiedThis idea is based on Wyckoff's method for determining price objectives using the Point & Figure count of distribution ranges. We can see multiple distribution ranges following both schematic 1 and schematic 2 for Wyckoff's distribution.
If we take count the ranges separately, this yields a potential reversal zone between 105.5 and 84.50 dollar per share.
All other information is on the chart.
Good luck,
NQDecipher
