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Bullish Divergence

No Bearish Divergence on Monthly Tf.No Bearish Divergence on Monthly Tf. But 39-40 is a Very Strong Resistance that needs to Cross & Sustain with Good Volumes to reach 45 - 46 & then 50+ We should not ignore that it has taken Support from a Very Important Fib level around 32.40 Monthly Closing above 33.60 would be a Very Healthy sign. So any dip towards 32.50 - 33.50 can be a Buying Opportunity. However, it should not break 31.80 otherwise we may witness further Selling Pressure towards 28.50 - 28.70
PSX:PRL
by House-of-Technicals
Did $TGT trigger a Bullish Divergence or is it just a Bull Trap?NYSE:TGT appears to have found support in the $100 - $105 range. I’ve been monitoring the stock and noticed a significant surge in institutional buying volume during the latter half of Friday’s session (3/21/2025), with nearly 32 million shares traded. The last time we saw such an unusual spike in volume, it triggered a gap-up and a sustained rally from 11/2023 to 4/2024. A particularly notable development is the sharp increase in call option activity when the price dipped to the $101.xx zone early in the session. Both premiums and implied volatility (IV) spiked higher than usual. Additionally, MACD is on track for a bullish crossover by the final week of March 2025, while RSI, currently in the oversold zone, is showing signs of a recovery with a bullish divergence forming. If Monday (3/24) and Tuesday (3/25) close green, expect selling pressure on Wednesday and Thursday. Friday (3/28/2025) will be a decisive session to determine whether Target can rebound toward $110 - $120 - $130. However, Bearish on Weekly is the main trend, also keep in mind that Trump’s tariffs are still looming, with the next deadline set for Canada & Mexico is 4/2/2025. Don’t expect another extension. If you’re in profit, consider closing positions in this week. If Target fails to hold the $100 - $105 support zone, the next destination could be $90. Disclaimer.
NYSE:TGTLong
by ChungKhoanMy
Currently in Bearish Trend. Currently in Bearish Trend. H&S Pattern in play targeting around 40ish. Weekly Closing above 70 may be a Positive sign. However, if the selling pressure continuous, we may witness 67 & then 63. In my view, it should test 74 - 75 once before going down (if it has to). Important Resistance is around 75 - 76. Important Supports are 67 - 69 & then around 63. One positive sign is that there is a double Bullish Divergence on Shorter Time Frames. If it plays now, we may see 73 - 75 (which is again a Resistance level).
TADAWUL:4163
by House-of-Technicals