Bye Bye Target?Target under 145.51 will continue the bloodshed on retail stores. If we lose this level, we'll head to 137.
Should be an easy enough short!
0LD8 trade ideas
Target CorporationI opened a long position in this stock today for a possible long-term play to close the downward gap that happened last May 2022. As we all knew, the stock has gapped down after the company reported lower-than-expected earnings in the 2nd quarter of this year. Since then, the company's stock has been range trading between 140-ish to 180-ish levels.
As you can see in my chart above, the stock has re-tested a key resistance level at 180 and it has bounced back from a higher low ever since.
I placed my key support levels between 144-152 while my key resistance level is at 180
Bear possibly Target. Just wondering if this is a bear flag.Usally I not take much notice of the volume but is a thinker.
In Spite OfTGT has bounced up again after 3 earnings misses in a row!
I'm thinking maybe it is time to "let it go"
I suppose there are plenty of people out there who love this stock no matter what their earnings are!
If or when the market turns down again, this one may pay the piper.
Ascending triangle noted as the bottom trendline is sloping up.
This s a neutral pattern until broken and ascending triangles break down just like descending triangle break to the upside.
I am not a TGT lover, but I do know times are tough. A super well run company adjusts to the environment in my opinion.
But that si just my opinion and we all have one.
I have not studied earnings estimates by analysts and whether they are soft or not. It seems that sometimes they cut a company a break with very low numbers to beat, so they beat and everyone and their brother buys it on the earning's beat. Yet the numbers are lower, sometimes very much lower than last quarter.
No recommendation but I would short this at the right entry level
$TGT TRADE IDEA bearish bias will be looking to enter puts once we break that entry for puts on the week. Once we break the quarterly 3-1-2 continuation to the downside we will have full time frame continuity to the downside, keeping this on my radar. Just because it says entry for puts on the 4hr and D doesnt mean im entering puts at that point those are just my labels for horizontal lines so i know what im looking at FYI. #TheStrat
Another Earnings miss for TARGET?3 Consecutive earnings misses TARGET, due to the elasticity of it products with signs of a soon recession TARGET may face decrease in revenue from its top sources of revenue Beauty & Household Essentials and Home furnishing & Decors .
TGT Accumulation zoneAccumulating some TGT here around $140-151-158
Targeting (pun intended) at least 200 EMA on daily chart - 174-176-179-182-185-190-200
SL- 133
$TGT with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $TGT after a Negative over reaction following its earnings release placing the stock in drift C.
Target - Corporate earnings season resemblant of the bear marketYesterday, Target announced its earnings for the third quarter of 2022. The report outlined softening sales and profit trends with downgraded guidance going forward. Total revenue and cost of sales increased year over year, while net earnings and EPS fell dramatically for that same period. Subsequently, shares of Target fell more than 13% in the pre-market trading. Target is yet another company that fulfills our prediction about a weak corporate earnings season and progression into the second phase of the bear market. We expect this trend to worsen in the next earning season and further enforce our thesis.
Total revenue = $26.518 billion (+3.4% YoY)
Cost of sales = $19.680 billion (+8.1% YoY)
GAAP Earnings per share = $1.54 (-49.3% YoY)
Operating income = $1.022 billion (-49.2% YoY)
Net earnings = $712 million (-52.1% YoY)
Illustration 1.01
The image above shows the daily chart of Target. Yellow arrows indicate previous earnings reports and subsequent price action.
Technical analysis - daily time frame
RSI and Stochastic reversed to the downside. MACD flattens, and if it breaks below 0 points, it will bolster the bearish case. DM+ and DM- performed a bearish crossover. Overall, the daily time frame is bearish.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic show signs of exhaustion. DM+ and DM- are bullish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Rectangle/Earnings AMCPrice is sitting on the resistance line today after WMT had an earnings beat,
TGT has earnings this afternoon AMC.
No recommendation.
QuickTrade n. 149Long, looking for a successfull test of the 21h on the 50h
Short, looking for :
1) Bearish cross 21h-50h
2) Bearish cross, price on the 250h
3) Possible test of the 21h on the 250h
Target corporation long positionTarget corporation long position
Entry level: $154.45
Take profit: $183.94
Stop loss: $146.24
TGT weekly bearish hammer in resistance selling zoneSell Stop 144.66 LMT 144.66 GTC
Buy Limit 123.64 GTC
Buy Stop 162.07 GTC
TGT weekly bearish hammer in resistance selling zone if we clear this hammer from below can run into next support 1.2R
Target With A "Bullseye"?Target With A "Bullseye"?
I've identified a falling wedge pattern on Target's daily chart. Also, the RSI indicator shows higher highs and higher lows.
Short float % for TGT was at 2.02% at time of this post.
TGT is a good candidate for a swing. I have my "Bullseye" above 159 or at the break of the upper trendline.
*This is not financial advice.
Target Could Be Breaking a TriangleTarget gapped lower on weak earnings four months ago. Now it may be showing signs of the bearish trend continuing.
The main pattern on the retailer is a converging squeeze between the 50-day simple moving average (SMA) and the 100-day SMA. This has produced something of a triangle that TGT is now breaking to the downside.
Today’s chart also features our 2 MA Ratio study with the 8-day exponential moving average (EMA) and the 21-day EMA. The line just turned red, which indicates the fast EMA is below the slow EMA. That could also suggest the shorter-term momentum has turned bearish again.
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QuickTrade n. 53 : TGTLong : Looking for a positive bounce of the fastest EMAs on the 250h
Short: looking for a bearish cross.
Target Corporation bullish scenario:The technical figure Triangle can be found in the daily chart in the US company Target Corporation (TGT). Target Corporation is an American big box department store chain. It is the seventh largest retailer in the United States, and a component of the S&P 500 Index. The company has found success as a cheap-chic player in the industry. The Triangle broke through the resistance line on 08/09/2022, if the price holds above this level, you can have a possible bullish price movement with a forecast for the next 31 days towards 189.83 USD. Your stop-loss order, according to experts, should be placed at 157.25 USD if you decide to enter this position.
Target announced Wednesday that Brian Cornell will remain CEO for approximately three more years after the company's board voted to eliminate a retirement policy that could have forced his exit.
Cornell, 63, has led Target since 2014. Since coming on that year, Target's share price has more than doubled — and at one point was up more than 400%.
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TGTNot financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
2X $TGT 4HR Tech. Analysis!Target is at an area where it could be two possibilities. Number 1 being that it forms a hook pattern and rejects off the .786 or the golden are and dives down to $152 which is probable to happen but after it the formation plays out it reverses so i see that area as another buy opportunity! Number 2 it could break that zone and form a rounding bottom and take off to fill the gaps! Be patient trade with volume and confirmation!
2X $TGT TP1 HIT for $$9.50! (+5%)$TGT has earnings coming up and a huge +20% gap to fill, which would be a +$35 move for this week to come or even leading into next week! Price has broken resistance and is making a bullish move to the upside to fill that gap it seems! Patience is key! wait for confirmations & ride the trend!
TGT: Bullish outlook!Target
Short Term - We look to Buy at 171.59 (stop at 159.63)
This stock has recently been in the news headlines. Price action has broken from the previous formation. A weaker opening is expected to challenge bullish resolve. Neckline support is 170.00. Further upside is expected although we prefer to set longs at our bespoke support levels at 170.00, resulting in improved risk/reward.
Our profit targets will be 199.21 and 210.00
Resistance: 200.00 / 210.00 / 250.00
Support: 170.00 / 140.00 / 90.00
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Earnings 8-17//A Beat Can Depend on How Low the Number Is?We sure are having a lot of earning beats as of late that are totally unexpected.
TGT is in the morning BMO.
Last quarter expectations for TGT were 2.19 a share. This quarter, expectations are .71?
WMT beat today. A bit less of a spread and last quarter the number to beat was 1.77. This quarter it was 1.27.
I suppose if you play with numbers every quarter, anyone and everyone can beat earnings?
No recommendation
