TargetTarget is not simply going down because of current headline news.
Macro tidal waves had capital flows exiting since 2021.
Until that "wake up" line is breached, stay clear.
#target #recession #inflation
Notes.
MASSIVE BEARISH RISING EXPANDING WEDGE
continuation breakdown
"Target" is start of pattern
TGTC trade ideas
Target Breaks Down The ChannelTarget became the next Target of Republican-affiliated boycotts.
It is spreading across social media in a similar way Budlight did.
I believe it is worth considering to short now as it is unlikely it will regain previous levels. The situation is developing too fast for anyone to be buying it now.
Keepin Track Of The Boycotted Companies (Or At The Risk Off)I've been watching the situation in the US with interest for the past few years. It seems that the customers are slowly creating parallel economies - one for Democrats and one for Republicans. The people are rich enough so they can afford to choose products from a company that shared their beliefs.
So far it does appear that Republicans are better able to mobilize in order to boycott (Budlight) as well as to protect their own companies/products they like that the Democrats are attempting to boycott (Hogwarts Legacy).
Anyhow, the most recent examples started with Budlight. I shared my analysis and the position I showed is still in the chart. The company is in a struggle to obtain new customers and/or retain the old base and moreover, has just been sued for marketing the beer to children. If their official numbers are precise, the sales of all Anheuser-Busch (BUD) products are down and the Budlight trademark may be dead for good.
This momentum sparked another attempt at Cors who is a direct competitor of Budlight as its March advert went viral and is interpreted by many as an attack against man. But they also benefited from the Budlight boycott. So far I am not sure if there is any measurable impact on their brand, but they did go down along with the rest of the stock market putting my position in profit.
The last targeted brand is ironically called 'Target' (TGT). They published an LGBTQ+ promotion clothes collection for children that haven't even reached puberty yet. This is, of course, raising some eyebrows as to how children that can not drink beer, get a tattoo, drive a car, etc. can possibly make decisions with lifelong consequences. I didn't open any position on Target as I failed to anticipate the scale at which this may grow into. Plus there just wasn't a technical setup.
It is possible this list will grow but so far these are opportunities enough. It isn't immoral to short the market. It is not our fault or decision that the company elected leadership that fails to connect with its customers, yet we may be part of purging this incompetence out of the markets, curing them as a result.
Good luck!
TGT Target Corporation Options Ahead Of EarningsIf you haven`t sold TGT here:
or bought it here:
Now Analyzing the options chain of TGT Target Corporation prior to the earnings report this week,
I would consider purchasing the 160usd strike price Calls with
an expiration date of 2023-5-19,
for a premium of approximately $5.75
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
I Would Avoid Shorting Target Due To TechnicalsTarget is another US company that became politically active and may have triggered many customers in a similar way BudLight did. I would avoid shorting it due to the technical outlook.
The stock consolidated for almost a year now with 158$ being the pivot point. We are below that price now. While I do believe that the downside potential is significant, the stock is not at a premium price. In other words, it is already cheap.
What I am looking for is a good technical setup that would be supported by a potential outrage/boycott. If the price is driven down here, it is the boycott alone with no technical support. 175 must be a minimum price before I would consider shorting.
TGTReports earnings in the morning. Trying June puts (this week's seemed expensive). This thing has gone absolutely no where (-25% day on 5/18/23 closed at $161). Thought the breakdown was going to come last December, but this thing got squeezed along with the rest of the market. If this does report lower after earnings & the trend continues down, looking for $120 then $100.
Target to the monthly 200 moving average (currently sub 90)Target is forming the mother of all bear flags on the monthly chart. My price target is the 200 monthly moving average in the mid 80s with room for overperformance to the downside.
This is a macro-level call meaning I expect it to take months for this occur (see my NYSE:F to $ 5 and NASDAQ:MRNA to $ 75 posts). It could be a few months, several or even up to a year but this is one of the most bearish set-ups I've seen.
No position (yet) but I will be looking to enter a long-term short on any bounces.
Moderna Call
Ford Call
Target to find resistance at swing highs?Target - 30d expiry - We look to Sell at 180.35 (stop at 186.64)
Levels above 180 continue to attract sellers.
181.70 has been pivotal.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
This stock has seen poor sales growth.
Preferred trade is to sell into rallies.
Posted a Treble Top formation.
Our profit targets will be 164.64 and 161.64
Resistance: 160 / 170 / 175
Support: 155 / 153 / 150
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Target (TGT) Has A Falling Wedge!A falling wedge pattern was identified on Target’s ( TGT ) daily timeframe . The activity from Friday shows an increase of buying pressure. Furthermore, Friday’s (24 MAR 2023) candle shows strong interest from buyers with the bounce off the lower trend line .
Harmony,
MrALtrades00
2 profitable positions for TGTThe 4-hour chart shows the rising lows of $TGT, although in an oscillating trend, there is a better entry position, with a stop loss at the previous low and a profit position adjusted according to the position and the trend of the broader market, respectively at 175 and 181
Target Could Be Flashing Bearish SignsTarget has limped after plunging 10 months ago. Now it may be showing signs of another push to the downside.
The main pattern on today’s chart is the bearish price gap on May 18. (Results missed estimates and management gave a bleak outlook.) TGT has failed to reclaim that drop, which may reveal little optimism about a comeback.
The retailer has also remained below $184, its pre-selloff low from February 2022. That could suggest old support has become new resistance.
Third, the 200-day simple moving average (SMA) has finally caught up with the stock. If it continues to fall, will it drag prices with it?
Finally, MACD turned negative a month ago. It’s kept falling since, nipping in the bud an attempt to rally after the last quarterly report on February 28.
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$TGT entered the squeeze going up?$TGT rises in technical breakout with no new catalyst except couple of analyst rating.
Target is expect to report their earning this week on 02/28/23 before market opens.
sometimes this happens when the stock is about to announce its earnings or pull back.
as fed rates continues to rise the interest I believe consumer will shop more wisely
on current market inflation.
but with these cyclical market I think retailers and other consumer goods are still
a good defensive stock.
I'm not really confident on their up coming earnings based on their last earnings.
TGT misses the eps last time despite the holiday boost.
here's my price level for TGT
TGT average price move per day is $4-$5 per day depending on market volatility and catalyst.
Below is the price level I'm looking for entries and exit for TGT:
Buy call above 168.68 and sell at 170.90+ or above
Buy puts below 165.79 and sell at 163.77 or below
make sure that you set up alerts on those key level so you wont miss the move.
and always to take your profits as you see one.
Target levels above 180 continue to attract sellers.Target - 30d expiry - We look to Sell at 180.35 (stop at 186.64)
Levels above 180 continue to attract sellers.
183.89 has been pivotal.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
This stock has seen poor sales growth.
Preferred trade is to sell into rallies.
Posted a Treble Top formation.
Our profit targets will be 164.64 and 161.64
Resistance: 170.00 / 175.00 / 180.00
Support: 166.84 / 165.00 / 158.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
TGT - Waiting GameTGT Target Corporation is an American big box department store chain headquartered in Minneapolis, Minnesota. It is the seventh largest retailer in the United States, and a component of the S&P 500 Index. Target was established as the discount division of Dayton's department store of Minneapolis in 1962.
Currently in a rotation. Looking for a sharp price rejection. A possibly lower price to attrack investors, and then a sharp reverse low