0LD8 trade ideas
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.
TGT - Target Corp- higher-than-expected quarterly profitTGT - Target Corp Up 19% . The retailer's higher-than-expected quarterly profit and sales extended its growth streak as investments in its stores, merchandise and digital capabilities continue to pay off.
[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.
TGT bull flag-Target starting to contract here in a bull flag and nearing all time highs
-See how monthly candle closes
TGT bullish divergence breakoutTarget has been in a consolidation pattern since June 5th.
Bollinger bandwidth confirms consolidation.
OBV trend suggests the breakout might be upwards.
I would love to see RSI pick up some strength though.
TARGET IS A STAND OUT WINNER IN RETAIL, BREAKOUT OPPORTUNITY. Sometimes we all get to distracted by the high flying an glitzy tech stocks and fades that come and go, one thing that is constant is we need to shop and TGT has revolutionised their approach to service so as to stay in touch with Walmart and Amazon. The retail sector has been a disaster this earnings session but target has rewarded investors with a 23% return in one month, it is now threatening to breakout to all time highs just like its competitor Walmart. Target trades at very competitive 15 P/E ratio which makes it even more compelling a case for investment, a break of resistance at $90 should attract extra investors and propel the stock to the $100 level.
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.
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
