TGT looks to be forming an inverse head and shoulders pattern with a full measured move to the $227 to $230 area.The inverse head and shoulders pattern has been taking shape for two years, so don't expect the price to reach the target overnight.
The earnings report (ER) is on Wednesday morning. It will either make or break this setup. Watch the $180 area for a breakout.
The target and support levels are shown on the chart.
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I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.