TGT trade ideas
Long TGTTarget recently having hidden bullish divergence on the daily RSI. Continuation in the channel with current target around $218/share.
TGT Channel & ER Run-upRetail hasn’t really been the play in the past couple of weeks but Target $TGT has proven itself to be a strong company throughout this COVID market. $TGT has been following the same strong support line since October, and has been holding the same trend line for the past year. $TGT hit its support on January 28th at the price of $178.01. Since then, it has pushed and closed at $188.86 on Friday February 5th. I alerted a position on Thursday for two 200 call contracts for March 19 expiry. Target has the upwards momentum and can see the levels of $190 then $194 and then a push to $200. Price target set at $200, could see this in the next one to two weeks - above that can run to 210-212 at the top of the channel.
TGT Inv HS??Might be a stretch but maybe an inverse HS on the hourly. Still strong though regardless.
TGT 4Hr TF bullish to $130If target can stay above $123 and breakout of the triangle, then I will long to $130
TGT ChannelTGT is currently at the top of the channel, with retail numbers recently coming out negative and all technicals pointing to a top, this red candlestick could mark the beginning of the reversal on TGT. IV is low, Puts could work, aiming for 180s by February.
$200 before March Earnings? - TGTPossible path before earnings.
RSI time frames from oversold and overbought 3 - 4 weeks.
Volume still low.
Will test $182 in 3 to 4 weeks.
30 min chart still shows room to go up before pull back
TGT Target Play for Pullback to 180 testTGT
Target pretty much top of channel that extends back further than shown here
Might be decent opportunity to seek a pullback test 180 previous high...
Had quite the move recently
Options Call open interest all around 185s Jan & Feb
Though its not really a heavily traded options name
Also it's not a super liquid name in general so is prone to decent gappy moves +/-
Earnings in March
Looking to play the 180 Puts in some sort of spread most likely...Maybe the 185s depending on how it open today, hopefully it doesn't gap down before I get the chance to open the position
I'm assuming stimulus check hope is priced in after GA elections and that could be one of the drivers of this recent surge higher
TGT Targets $193 Target
Broke through resistance and back above long term channel (mid)
Looking for major breakout.
Fibonacci expansion and channel target at approx. $193
TGT12/28/20 - 1d TF
Bullish with potential Target 1 hit.
1. Price actions seems to form a bullish channel
2. EMAs seems to hold and price action is currently just above 8ema.
3. Price action at bottom channel with more room to go up.
4. MACD looks good. Lines kissing, hopefully it will cross in 1-2 days while histogram shows downtrend is reversing.
5. Stochastics at overbought area.
Discalimer:
My post in this channel should not be used as a replacement for investment advice from a qualified professional. All my post is for my own chart analysis prractice, informational and entrainment purposes only as I am not a registered investment advisor and do not offer investment advice. You, the reader, bear responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
falling wedge, finding bottoma breakout from the falling wedge and i'm bullish for retrace back to 100%
