TARGET - Ranging to have better fly!!TRIGGER is required for any arrows on the chart. Read the below please:
Considering multi-timeframe analysis, NYSE:TGT is moving in an upward regression channel with a recent touch to its midline. With a closer view (Weekly timeframe), we would have an upward trend line on which NYSE:TGT has built a "pin bar", which is a signal of future upward movements in the upcoming weeks. However, for getting any position trigger, we must look at the Daily timeframe.
In the daily chart, the chart that I just published, we can see that the price dropped after it couldn't break $266.5 in November 2021. Then, it broke down $230.3 support zone and had a pullback to it, for continuing its downward movements. Reaching $93 support zone, NYSE:TGT was not able to have any further downward moves, however, the trend has not been changed and it is ranging between the two mentioned zones. As long as $230.3 resistance zone is not broken up, buying NYSE:TGT is not interesting. But if it happens, $283 (till November of 2022) can be counted as the the target of NYSE:TGT .