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Target Corporation

TGT Bull Flag

By nataliegarces
Target looks like a Bull Flag Pattern. Target is currently at the $200 level. There is a hard resistance around this $201 level (as you can see, we have failed to move above it previously 3 times in the recent period). If we are able to hold this level and with more volume, the fibs indicate a breakout to $210 is possible. However if we can't hold this level and get rejected, we will probably retrace back to this $196-197 level where the 61.80% fib re-tracement lies.
Support: $198.40, $196.05
Resistance: $201.38, $201.79
Flag
nataliegarces
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