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TGT trade ideas

TGT - Gaps to Fill Down - Earnings Miss - Trade Cautiously Waiting for confirmation break of white trendline to enter bearish. Trade Entry Will update with specifics once trend breaks. Chart Details Earnings miss on TGT caused gap down, almost filling top gap in chart. Other large gaps down to $73. Bearish EMA cross and bearish 10WeekMA price cross, but price still in “fakeout channel”. Must confirm break of channel to indicate entry for downtrend. About Me 2 WEEK FREE TRIAL MEMBERSHIP UNTIL 2/15/2020 www.moneypatterns.com Options Strategies, Video Technical Analysis, Daily Updates, Subscription Memberships, Equities & Crypto, Weekly Breakdowns, Charting Service, & More in Members Area! Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards. Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, SHAK Bullish, MCD Bullish, LEVI Bullish
NYSE:TGT
by MoneyPatterns
3
TGT - From Outter Space - 45 Year Log Chart - Part 2 of 2Daily view shows that short term we are overbought. Weekly view better confirms TGT overbought with RSI trend maxed out, Fisher Transform making wedge pattern, with next trend being bearish. Based on the chart, I see we pullback to close the first gap (red box) which lands on the white line channel. Then ride white channel up for a week or two, fall back into the second white channel, and then continue up to yellow top resistance line. TGT moves VERY SLOW. Basically: - short term BEARISH - overbought RSI, pullback to red box. - intermediate term BULLISH - until possibly May 2020. Some pullbacks in between. - long term BEARISH - after price hits yellow resistance. This is best time to enter in my opinion. Knowing the only direction next is down. Again, TGT is slow so it is best to plan entries on a weekly chart. You may be in this position longer than expected. I am not in the position currently. If I enter, I will update charts. I really apologize for yesterday after positing Part 1 of 2. I was notified that no user is allowed to post over 10 charts per day. I would not have posted Part 1 without Part 2. I did not know about the 10 chart limit. This will not occur again. Thank you for your support. The yellow resistance lines are strong support as seen in the Part 1 of 2 chart below. I consider 45 years strong. LOL Thank you for liking, commenting, throwing up a chart, following, or viewing. 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.
NYSE:TGT
by MoneyPatterns
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. Thank you for liking, commenting, throwing up a chart, following, or viewing. 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.
NYSE:TGT
by MoneyPatterns