TGT Possible Breakout to 130!Hi looking at this nice setup for a TGT move from 124.08 to 130.00! No roadblocks in the way!Longby VaggitarianUpdated 334
Double Bottom and Bullish Divergence on TGTAs you can see, the price action is contained within a descending broadening wedge at the moment, which has appeared to have found a double bottom, with Class A Bullish Divergence on the MACD and Class B Bullish Divergence on the RSI. From my entry point at $92.84, if the trade reaches the 382 fib retracement, that would be a 9.23% gain. If it reaches Dow's 50% retracement, then it will be 12.83%, and if it goes so high as to reach the top of the descending broadening wedge where it will run into the 618 Golden Zone as well as the 200 and 50 day moving averages as resistance, I will see a profit of 16.44%. It's worth noting that bullish divergence is not as reliable in a bear trend. None of this is financial advice, and I am not employed or affiliated with Apollo Trading in any way. I am, however, interested in hearing critiques and criticisms of this idea.Longby HeathHimselfUpdated 2
TGT - Poor Retail - Poor R/R RatioThe poor retail sector, TGT you looked so good before, lapping WMT , chasing AMZN , but then the 'rona. TGT still has great long term potential, current Mr Market is pricing in a -1%YoY growth rate on DCF to get to a $121 price point, 0% gets you $131, and current EBIT valuations have you around the $94/98 point. This should lag in the tight zone till earnings . If we get a "bad" number, let it sell-off, look for the $110/100 point, and pick up a few shares knowing that the world is not coming to an end. Really poor R/R ratio right now before earnings (~0.5), but when you get past earning with a nice drop you can turn that into a number in the ~3.5 to 7 range. Technicals, charts, VOLUME! and fundamental analysis = how to stay in the market. by kocurekcUpdated 5
Target - $129 Price TargetMarket Cap 62.25B Income 2.76B Sales 80.1B Dividend 2.16% P/E 23.41 Forward P/E 18.54 (WMT 23.85) P/S 0.78 P/FCF 17.18 EPS this Y +16.8% EPS next Y +37.26% Sales Q/Q +11.3% (WMT +8.6) EPS Q/Q -63.2% Gross Margin 28.7% Oper Margin 5% Profit Margin 3.5% (WMT 2.8%) Short Float 2.75% Low Beta 0.79 by ZenModeUpdated 1112
TGT BUY OR LONG , TARGET UP TO $150 TGT will confirm the triangle pattern at $125, the triangle pattern for the target to $135 but the resistance is at $130 and if it breaks past the old peak of $130, TGT will have a chance to touch $150. - Price is above support 1d (MA200) - MACD supports the new rising trend - Volume is awaiting confirmation => Offer to buy in two zones ($125 + $131) at a rate of 50% + 50% <=> ($125 +$131) = price average $128 => Stop loss : 10% => Target $150 Wish you good deals! Longby VictorStone99Updated 3312
TGT BreakoutBulls have a duty, and that's to push TGT past $126. The volume profile becomes extensively low and it is easy to assume a further breakout by TGT. AVWAPs are holding as support and buying momentum has been strong. PT is $130, followed into $140. I am long TGT.Longby theguinnessinvestor5
The week after next play .Expecting an all time high . After the roku profit , roll into this one.Longby MrNarmerkTheSacredGeometer4
#target $TGT #weekendchartreading breakout from a trianglechart to watch for next week, odds of follow through are highLongby MarkterSchure3
TGTTGT has been forming a nice consolidation lately with a strong resistance area from around 122.80 to 123.60. Looking for a continuation of the strong bullish day yesterday after today's panic sell brought it down. Note the 20SMA looking ready to cross up the 50MA, which can help push it past the resistance area and possibly make a run to 126.by nmatto3
Earnings Play for TGTI grabbed in the money options before the breakout. weekly close above 123 confirms move. Target $132. In the money options help against theta decay but cost more up front. This is an earnings play. options that expire August 21 or 28 have lowest theta. Risk/Reward is 3.00 stop loss is low 119's. So long as weekly close is above 123, the 119 stop loss is reasonable. if this falls back into the wedge you can add another call around 116 and set a different stop loss, but the safer play is playing the breakout with confirmation. there were 2 hourly candles that close above the resistance along with strong bull volume on the last 2 hour candle.Longby UncleBeeBUpdated 4
If this doesn't jump from hereThen i'm reading things incorrectly, holding some $125's into next week, might move another week out tomorrow if I can get a couple dollar move tomorrow. Earnings is far enough out that I think it will make a decision before thenLongby UnknownUnicorn3924154Updated 9
Another TGT viewSince the jump off of the November 2019 earnings, the volume weighted price is basically where it is sitting right now. I am leaning positive on Target from COVID as a big retailer similar to Costco/WMT. We'll see from hereLongby UnknownUnicorn39241544
TGT on watch to push to new highs as wellHolding a long term consolidation, ready to go with a market continuationLongby UnknownUnicorn39241544
$TGT RUN! ($WMT $COST )see full chart at www.tradingview.com TGT Entry $117.84 Target $122 stoploss $116 Why this play? TGT had an amazing ER last quarter and a strong forecast ahead. They are a strong company with an amazing website, easy to order and trendy. this company performed really well during Corona and i wouldn't be surprise to see them hit ATH again. Target Q1 Comparable Sales Grew 10.8%, Digital Comparable Sales Grew 141% First quarter comparable sales grew 10.8 percent, driven by a 12.5 percent increase in average basket, as guests made fewer, bigger shopping trips. Store comparable sales increased 0.9 percent. Digital comparable sales grew 141 percent, accounting for 9.9 percentage points of Target's comparable sales growth. Digital comparable sales accelerated every month in the quarter, from 33 percent in February to 282 percent in April. Stores fulfilled nearly 80 percent of Target's first-quarter digital sales. Same-day services (Order Pick Up, Drive Up and Shipt) grew 278 percent and accounted for approximately 5 percentage points of total Company comparable sales growth. What is TGT Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home decor products, electronics, toys, seasonal offerings, and other merchandise; beauty and household essentials; The company also provides in-store amenities, such as Target Cafe, Target Optical, Starbucks, and other food service offerings. It sells its products through its stores; and digital channels, including Target.com.Longby WallSt007Updated 7
Target: Volatility Squeeze and a Golden CrossBig-box retailer Target has been amazingly stable for the last two months. It’s squeezed into a triangle on either side of $120, lurking below its 2019 high of $130.24. During that time, its 50-day simple moving average (SMA) rose up and above the 200-day SMA. That kind of “Golden Cross” can signal longer-term momentum is turning more bullish. TGT also has some fundamental reasons to pause. In recent years, CEO Brian Cornell spent heavily on digital transformation. This succeeded in terms of moving shoppers to the Internet and helped boost store traffic. However the last two quarters have seen product mix veer sharply toward lower-margin products (like food over toys, apparel and electronics). Some of those headwinds could fade now that inventories have been written down and the U.S. economy staggers toward reopening. Now could be the time for margin expansion, as shoppers start perusing aisles again and the years of IT spending pay off. This creates an interesting risk/reward in TGT. Its tight range creates the potential for gains to accelerate as price action widens and earnings approach on August 19. (Notice extremely tight Bollinger Band Width). Longby TradeStation1115