TGT trade ideas
TGT swing trade w/ bracketDetailed swing trade for TGT. Limit buy at 65 flat with a bracket in to stop loss exit -1.5 points and stop profit exit +5 points. Inverted head and shoulders indicating more upside.
TGTExpect this one to do the "Cha Cha" for awhile as it consolidates. Run to 67.00 in the making soon.
TARGET IS WAY OVERSOLD!!!!Target is oversold and at a discount price. It is in a long uptrend on the weekly chart butit is in one of the valleys right now. This is a great buying opportunity with minimum risk and high reward.
Notice that both the MACD and RSI are showing a bullish divergence. This means that their lows are lower even though the stock's lows are higher.
I wouldn't think it crazy for a target of 78.
Before market close 9/12/13
HAPPY TRADING!!!
PAIRS: GOOG and TGT (again)It's very interesting to see just how similar these two stock charts are.
It's hard to tell which one is which and yet they couldn't be more different.
Good old fashioned retail sales and good new fashioned high tech and yet they are moving to the beat of the same drummer.
I've pointed out this pair before and hope some of you have made some money buying TGT versus being short GOOG.
Hope we can graph ratios in the near future so you can see just exactly what the return would be by going long TGT and short GOOG at times when it is opportunistic to do so.
Cheers.
Tim
4:15PM Tuesday, April 9, 2013 (Eastern Standard Time, Market is closed)
