$TGT approaching a huge resistance pointTarget has huge resistance in this area that dates back to August 2022. If it's able to break above the channel, can see considerable upside.
TGT trade ideas
TGT Gap Fill ideaNYSE:TGT looks to fill the gap it created after earnings. This play is simple and if TGT closes below $165 today we can look to enter short and run it into the shaded area.
Trade safe
Target Beats Expectations Despite Sales Dip.Target Corporation ( NYSE:TGT ) has defied expectations with its latest earnings report, showcasing resilience in the face of challenging market conditions. Despite a dip in holiday sales, the retail giant reported a surge in earnings for the fourth quarter, surpassing analyst estimates and instilling confidence in investors. As the company sets its sights on 2024, it unveils ambitious plans to boost store traffic and reignite sales growth through innovative strategies.
Earnings Surge Amidst Sales Decline:
In a surprising turn of events, Target ( NYSE:TGT ) reported a significant increase in earnings for the holiday quarter, with adjusted earnings per share (EPS) reaching $2.98 compared to $1.89 in the same period last year. This remarkable surge comes despite a 4.4% decline in comparable sales, which was lower than the 4.6% decline anticipated by analysts. The company attributes this resilience to a recovery in online sales, driven by a robust Black Friday and Cyber Monday performance.
Strategic Initiatives Driving Growth:
Target's success can be attributed to its strategic initiatives aimed at enhancing customer experience and driving sales. The introduction of same-day pickup services, such as Drive-up, has proven to be a game-changer, accounting for more than 10% of total sales in the quarter. Furthermore, the rollout of new product collections and the launch of a membership program are expected to further stimulate spending at Target stores.
Navigating Challenges and Embracing Opportunities:
Despite facing challenges such as inflation and retail crime, Target remains steadfast in its pursuit of growth. By focusing on expanding its product offerings and improving service offerings, the company aims to capitalize on emerging opportunities in the retail landscape. Additionally, Target's commitment to innovation, as evidenced by its consideration of a new paid membership program, underscores its determination to stay ahead of the curve.
Outlook for 2024:
Looking ahead, Target ( NYSE:TGT ) projects adjusted earnings between $8.60 to $9.60 per share for 2024, signaling confidence in its ability to sustain profitability amidst evolving market dynamics. Furthermore, the company expects annual comparable sales to be flat to up 2% this year, demonstrating optimism regarding its sales recovery trajectory.
Investor Sentiment and Market Analysis:
Target's upbeat earnings report has elicited a positive response from investors, with shares surging by as much as 11% in premarket trading. Despite some moderation in gains, the stock remains undervalued, trading at a favorable forward earnings multiple. This indicates potential upside for investors and reflects market confidence in Target's long-term growth prospects.
Conclusion:
In conclusion, Target's ( NYSE:TGT ) stellar performance in the face of adversity underscores its resilience and adaptability as a retail powerhouse. With a clear focus on driving innovation, enhancing customer engagement, and delivering shareholder value, the company is well-positioned to navigate challenges and capitalize on opportunities in the dynamic retail landscape.
TGT earning On Tuesday, March 5th, 2024, NYSE:TGT will announce its earnings. Investors eagerly await the outcome, particularly considering recent store closures and potential price adjustments. Will this event bring positive results, or will it signal a downturn for the company?
TGT - Analysis on recent strong moves - what we need to move upWelcome back to the trading floor traders! Our favorite place to be...
On Target, we are likely going to need some further liquidity to be built for the bulls to continue moving this up the way they have been - if this is the case, it will happen using our teal and orange controlled selling algorithms.
First we will look for yellow strong buying continuation to hold price and attempt a retest of our $153 high - but a break of yellow and we are then looking for confirmation of sell-side tapering via our teal channel.
Note: $150 is a strong level that could give us a reaction and quick bounce but in order for new highs to continue to be created we will need to continue to use our controlled selling algos to do that.
Keep you posted here as price develops!
Also please join me at market open (9:30 AM EST) where I will be trading live on stream here on TradingView and taking trades, analyzing charts, and having fun with our awesome community.
Happy Trading :)
TGT - What to look out for as we approach key levelTarget has the potential for a breakout back into the 150's however we are seeing tapered buying coming in the way which in the past has caused us major downfalls.
Let's see where price takes us and I will of course keep you posted as we move forward
Happy Trading :)
$TGT - Interesting playNYSE:TGT Target is interesting to me now. It has broken out of the descending wedge and is starting to break out of the inverse head and shoulder neckline.
It went through a consolidation period and just broke out of it last week.
A good entry point would be $142. An ideal entry would be around $133.
I think they learned a lesson about going woke.
Upside targets:
$153
$166
$180
$205
Downside risk:
$133
Falling wedge on the weeklyI am back!
It's been more than a year since I posted on Tradingview. Now, I am back with a slightly different strategy.
Most of the ideas I post, won't solely be justified on the technical look, but technical and fundamental outlook.
In each case, I will mark whether it ticks one or both boxes.
As you can see, the first idea is Target, which was beaten down over the last two years. After some time, it formed a "Falling Wedge" pattern and broke out with high volume. Both are bullish signs.
Now it is going sideways. I believe it is collecting energy for the next move upwards, to which, earnings (05 Mar.) could be the catalyst.
The price target is 181.92 (R1 Pivot) - 25% upside potential
Support sits at 142.67 (P Pivot)
Support 2: 132.12 (Volume profile - Point of Control) - 9.22% downside potential
Open P&L: 2.82
Technicals: ✅
Fundamentals: ✅
The content of this page is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product!
TGT 12/12/23 LongAsset and Time frame - Target, Monthly
I usually don't upload ideas for long-term holding, but this one is just one of those perfect setups for my taste.
We have a morning star, a close above the 100 monthly MA, and we closed as an engulfing bullish candle on top of that MA, volume is also decent, and the price has been going down for too long
Great run up, now time to SHORT! TGTTGT has reached a resistance point, and revenue/EPS growth has gone negative this year. It's got a little debt but not being a growth company like many have speculated it is, is my fundamental catalyst for shorting this.
From a technical standpoint it also looks like a good risk/reward to be short this stock.
There is a large gap from earnings that needs closing as well. Those would be price targets if you decide to take this trade.
Cheers
Target Corporation 📝🧻🪣🧽Daily log chart.
We are at the crossroads of the medium-term and short-term channel.
It can go north!
Make up your mind.
TGT getting ready for its next moveTGT is consolidating before attempting to take out resistance at ~$137. Beautiful MACD divergence was seen before forming the bottom. I would not be surprised to see multiple attempts needed before taking out this next level of resistance given this area is a key battleground based on VRVP. Possible cup and handle forming? That would be nice.
Target TGT after ER play12.12.23
Strong move after ER
Looking for move towards 138
Over 138 level resistance at 140, 142,48, 147,54
and 150 psych level
Lower support 132,47 131, 127,9
Only squeeze on 30min for now
Example of The Retracement TheoryOn the chart I include the formula and a example of how to get shirt term price targets using the retrace theory.
Basic retracement theory
(B-A)+C
(130.77-128.71)+129.94=$132
the low = A
the retrace high = B
current retracement low = C
Trend Strength Maximum Retracements Upside Targets (downside targets are inverse)
Very Strong
-14.6% to 23.7%
A to B added to C
Easily exceed B
-Strong
38.2%
A to B added to C
Easily exceed B
-Medium Strong
38.2% to 50%
80% of A to B added to C
Should Easily exceed B
-Medium
50%
80% of A to B added to C
Should Easily exceed B
-Medium Weak
61.8% to 50%
80% of A to B added to C
Possibly exceed B
-Weak
61.8%
80% of A to B added to C
Possibly exceed B
-Very Weak
85.4%to 76.3%
80% of A to B added to C
Probably will not exceed B
I'm going to try this againPrice is retesting the broken support. We have here several bearish patterns (see my previous post lines below) and the stock need much more for a come back. It might try to break the resistance but I don't think is going to make it. If my puts expire out of the money I'll buy more and try again.
The low is in for TGT4th largest pullback in history.
Bouncing off of a STRONG support. Earnings came in hot.
BUY LOW, sell high = looking GOOOOOOD!!
dive in TGT upTarget Corp. engages in the operation and ownership of general merchandise stores. It offers food assortments including perishables, dry grocery, dairy, and frozen items.
I think its oversold
im in tgt a bit longer with calendar call options strategy I have realized and rolled short positions you can dive in with calls
$TGT Fibonacci Support or Double BottomIn the case of Target Corporation ( NYSE:TGT ), the consideration of whether to rely on Fibonacci support levels or to wait for a potential double bottom formation around $90.17 involves a strategic decision based on technical analysis principles.
### Fibonacci Support Level
- **Fibonacci Retracement**: This tool is used to identify potential support levels based on key Fibonacci ratios (23.6%, 38.2%, 50%, 61.8%, and 100%) calculated from a prior price move. If NYSE:TGT is currently near a significant Fibonacci level, this could indicate a potential area where the stock might find support and possibly rebound.
- **Confirmation**: Traders often look for additional confirmation signals at these levels, such as candlestick patterns, RSI divergences, or volume changes, to validate the strength of the Fibonacci support.
### Waiting for a Double Bottom at $90.17
- **Double Bottom Formation**: This is a bullish reversal pattern characterized by two distinct lows at a similar price level, with a moderate peak in-between. If NYSE:TGT approaches $90.17 and forms a pattern that resembles a double bottom, it could signal a potential reversal from the downtrend.
- **Confirmation and Breakout**: Confirmation of a double bottom would require a rally above the peak between the two lows. This breakout is often accompanied by increased trading volume.
### Considerations for Investors and Traders
1. **Risk Tolerance and Time Horizon**: Your decision might depend on your risk tolerance and investment time horizon. Fibonacci levels can provide earlier entry points, but with potentially higher risk if the support level does not hold. Waiting for a double bottom formation may offer more confirmation but could result in a higher entry price.
2. **Market Context**: Consider overall market conditions and sector performance. Macro factors and company-specific news can influence the effectiveness of technical patterns.
3. **Additional Indicators**: Utilize other technical indicators and analysis methods to supplement the Fibonacci and double bottom analysis, ensuring a more comprehensive decision-making process.
4. **Active Monitoring**: Both approaches require active monitoring of the stock’s price action, particularly near the critical levels of interest, to make timely decisions based on the evolving technical landscape.
In summary, the choice between relying on Fibonacci support and waiting for a double bottom at $90.17 for NYSE:TGT should be made based on a blend of your trading strategy, risk tolerance, and corroborating signals from other technical indicators and market analysis.
Target should continue to declineCounting Target's Rise as a Super-Cycle Wave 1, the company stock appears to have AT LEAST completed Primary 3 of Cycle 5, and to be currently declining in Primary 4, in alternation with a long, shallow Primary 2, SO I expect 93.77, at least, if not as low as low 60s, by later this year (maybe August/September). It may be worth noting, that in its Minor C of Intermediate A of Primary 4, price extended (NEARLY) to its A-B extension of 1.618. I don't know whether this is meaningful, but maybe someone will.
Pick one or twoThese stocks are clearly in a downtrend and testing the downtrend line resistance. I have puts of TGT that I bought on Friday. If you want to trade one of these I recommend to open a limit order at a better price than it closed on Friday for the puts and pick a strike price close to the current price. You can also buy puts with different strike prices to balance out you risk. My TGT puts expire on 11/10 and strike 113. I may buy more but depends how the week goes. Always think on your risk reward, If price opens with a gap down just move to another trade.
Target: How much will it fall? An important MoB level...There is from my point of view an BnR Pattern in the chart. At 129,9 there is an important resistance level, the highs if Nov/Dec 2019. The first parallel channel as well as a support line cross this resistance mid of June thus this may be a level where we may see an bounce back or if this level breaks much deeper targets (111 $)
Bearish on TGT.
Good evening everybody. I am bearish tomorrow on TGT because we did not close above yesterday's close. Also, we were green but our volume was very low, also we are riding an upward trend line that I drew on the 1 hour chart. I will look for a break of trend-line support and retest to the previous horizontal support. But, if we go up, you can see my scenarios in the picture. Thank you as always for looking at my analysis.
