Head and shoulders here , we can see a head and shoulders in the stocks of target in 30 minutes . it was a good opportunity for a short operation .
0LD8 trade ideas
[Short] TGT bear flag breakdownTarget sold off hard and recently put in a bear flag. It's breaking down out of there now.
I entered short yesterday via some Sept put spreads.
This is a highly inefficient company (relative to AMZN and WMT) running into a coming recession / depression. XLY sector was a short yesterday, but I didn't really want to short AMZN, so I picked what I think is one of the weak companies.
Will probably take profits and reassess before earnings.
Potential of bullish signalsThere are two potential bullish signals that can be found in TGT. They are flag pattern and MACD bullish crossover.
Firstly, the candle stick shows that it is a flag pattern, which the price surged around 20% previously, and then create a channel afterward.
According to the diagram, the channel is apparently shown and established. There is a potential to break through.
Under my prediction,once the break-through (approximately $111) happens, it is a BUY signal and the target price will be $128.
Meanwhile, we can also take a look at the MACD indicator. It is clear to see that MACD has a great potential to cross which is a bullish crossover.
It is necessary to wait for a confirmation. Once the signal confirms, it is a BUY signal.
Target given a lofty $130 upgrade By Raymond JamesRaymond James analyst Matthew McClintock initiated Target (TGT) with a Strong Buy rating and $130 price target. In a research note titled 'Targeting the Retail Apocalypse Bears and Winning,' McClintock said that Target is "well positioned to take market share" from weaker retailers, and sees annual EPS growth of high-single-digit to 10% for the retailer going forward. The analyst also noted that Target, through its Shipt acquisition, has same day delivery, beating Amazon's (AMZN) next-day delivery.
Source the fly.
Average analysts price target $112
Average analysts recommendation Overweight
P/E ratio 17.85
Yield 2.45%
Short interest 3.89%
TGT Bull flag on weeklyTGT bull flag, may adhere to the pattern however it may sell off first in order to move higher.
Price was 2.18
EXP Oct 25
Spread is 110/116 6 points wide
Target is $191 profit/ $4.09 is option price at exit.
Exit price will be $163 which would be taken week of October 14-18 and cannot be done before then.
Perhaps this trade will flop but we'll see. It looks decent.
TGT shorts could pay offTarget had big earnings boost with big gap up play. RSI getting way over extended, and its pulled away from the EMA's a good deal. I like this as a short position as well. Also looking for entry confirmation off 30m chart for a short swing as well as walmart. Keep on eye on what SPY is doing for these two.
Target: Overextended Post-Earnings; Sell After Double PeakTarget surprised with solid earnings, as did similarly, Walmart. However these two behemoths in the retail sector represent minor happiness in a brutally decimated sector in retail.
Due to the trade escalation, I believe Target will decrease more to the downside, particularly after being heavily overbought and overextended. However, always watch for the double peak and re-test of the high. In this case, I believe the 2nd peak will be slightly lower than the first but there is a slight possibility it forms of a double peak around 109.50.
At this point I recommend investors hold until the 2nd peak re-test and from there I recommend you sell at-least 60-70% of your holdings as there will be a low chance Target surpasses 112-115.00. Waiting for the 2nd peak re-test will be your best chance for the highest possible profitability.
- zSplit
Target: Bullish Breakout on Earnings with UpsideEveryone is talking about the retail rally that got kicked off by TGT and HD and WMT earlier, but it's very clear to me that TGT is the clear winning security for pair traders. I'm also very confident that their rally is sustained and will withstand other market headwinds. Volume is HUGE. I bought in the day before earnings because I was confident that they would do well and it was the earliest I could without buying the dividend. I just didn't expect to wake up the next day having gained 20% over my initial first stage of scaling in capital!
I usually have a litany of technical indicators like moving averages and convergence/divergence with MACD , relative strength index for price strength, rate of change for a quick momentum reading, Chaikin's money flow for volumn action, ADX and DI- and DI+ for trendedness, and relative strength comparison against the S&P 500 for a general market performance temperature of a stock. Well, welcome to a short lecture on my system, because all of them are flashing bullish so hard. If it weren't for a huge TGT fundamental and technical confirmation here on earnings , I'd be very wary, but I'll continue to allocate further capital towards them until I hit the ceiling of my risk management strategy.
Trade on, and don't wait too much longer on this move! You may consider waiting for the first pullback, but you likely have only a couple of days to consider scaling in before this takes off completely.
