TGT - From Outter Space - 45 Year Log Chart - Part 1 of 2TGT currently looks to be one of the only retailers with positive returns currently.
The log chart shows a 45 year history where the support and resistance have many points of contact.
This strong support and resistance implies that the current trend will end when we get to top resistance.
The length of this current log trend from 1970's to 2020 shows the pattern leveling off.
This means we could see either a break down or break up in the next upcoming years.
I will update this chart with Part 2 of 2 showing daily price action.
Daily price action looks ready to short or buy puts soon.
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.