TGTB34 trade ideas
Bears Could Be Shopping at TargetTarget dropped sharply last month. Now, after a rebound, some traders may see further downside in the retailer.
The first pattern on today’s chart is the bearish gap on November 20 after earnings and revenue missed estimates. TGT stalled last week after retracing half the decline. That may suggest a downtrend is in place.
Second, prices are peaking around the same zone where they bottomed in August. Has old support become new resistance?
TGT has also tested its 21-day exponential moving average but remained below it.
Next, stochastics have hit an overbought condition.
Finally, the 50-, 100- and 200-day simple moving averages (SMAs) moved sideways near each other for about two months. But now they’re lining up and falling into order with the faster SMAs below the slower. That may suggest the longer-term trend has become more bearish.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
TGT upside set-up to the gap fill, or more downside ahead?TGT has a massive gap to fill to the upside after taking a fall from earnings. This could be a 3 rising valleys (bullish) pattern on the Daily chart. A hold of 132 can move up to 137, 140, 145, 148, 150 over the next month+. If TGT is weak, and loses 130, this invalidates the above idea for an upside move. A break of the trend line below can send TGT to 125.
TGT | SHORTNYSE:TGT
Technical Analysis of Target Corporation (TGT)
Key Observations:
Current Price Action:
Price: $139.17
Recent Drop: -7.85 (-5.34%)
Support and Resistance Levels:
Immediate Support: $137.16 (Bearish Line)
Further Supports: $128.21 (Target Price 1), and $111.08 (Target Price 2)
Resistance: The price recently broke below a support level at around $141.23.
Trendlines:
The price has broken below a key upward trendline, indicating a potential shift from a bullish to a bearish trend.
Relative Strength Index (RSI):
Current RSI: 44.09
The RSI shows a decline, approaching the oversold zone, indicating increasing selling pressure.
Target Prices:
Target Price 1: $128.21
This level is the immediate support and a potential first target for any continued downward movement.
Target Price 2: $111.08
If the price breaks below the immediate support, the next target is around $111.08, a significant support level.
Summary:
Target Corporation (TGT) has experienced a significant drop, breaking below a key support level and its upward trendline. The next levels to watch are $137.16, $128.21, and $111.08. The RSI indicates potential for further declines if market conditions remain negative.
TGT to TGT $69While on smaller frames there is some room to move up, TGT continues to display bearish characteristics. With the large gap on the daily frame, expect a drift up until earnings, then i expect it to continue the trend down to $69 in respect to the measured move
$TGT - Possible reversalNYSE:TGT Looks like we might get a reversal. I am thinking of doubling down on this.
It looks like it has the potential to form an inverse head and shoulders pattern.
Currently, it is up against the POC volume resistance. If it can overcome it, it could launch to the $144 area. $144 will be a hard resistance. 👀
TGT - Gap fill to $155TGT - stock has earnings gap to fill from $133 to $155. looking for calls if stock enters the gap. Stock has upside resistance at $140 and $150. on high watch
Liquidity displacement $1532 target to targetLiquidity created a great GAP kin order to take the previous bottom order left out. No major impacting news currently that could make market bearish with a small doble bottom and the floor of bearish flag formation with no actual waves of real flag.
Price prediction Target for Target $153 closure GAP to determine if the market should keep rising after.
Still DCA on TargetStill DCA (dollar-cost-averaging) down on TGT as this is in my swing trade setup. Currently down around 9% on this position, but im still overall optimistic on Target as a company.
Will likely look at closing my position at a 10% gain, so will continue to invest and hold my cash in Target until that 10% ROI comes into play.
TGT LONG IDEA. Going Lower First.I am waiting for a long term investment fill at the levels in my box. Going to load up at these levels and hold. I am not convinced we hold here. Might take a while to get to my box. Will be setting an alert and waiting patiently :)
TGT eyes on $130: Critical Support after Earnings DumpTGT dove off the cliff after its last Earnings Report.
Relief bounce has broken the first key hurdle so far.
That drops the odds of another dip to major support.
$ 129.41 - 130.06 is the immediate zone of interest.
$ 113.51 - 116.83 is major support for a good bottom.
$ 139.58 - 140.26 is the maximum bounce expectable.
======================================================
.
Target 134.61Following weekly chart.
I got a long signal from one of my power indicators.
I'll only bet for close resistance.
TP1 134.61 which is first resistance
TP2 139.3 next critical fibo level.
I'd stop under 129.23 candle close. RR is perfect.
Let me know if you ride it
Target Target Practice Not necessarily looking for the bull's eye on this one, I was waiting for the first dot to be hit (was not convinced it was going to happen) before I made this public. Overall, the 2 first potential descending waves could be of interest if the purple holds as resistance (if we get back there), and also if a break and retest of the grey curve occurs.
What I am most interested in, regardless of the time span of this idea, are the 2 potential more impulse like waves highlighted with the arrows. Best to watch for candlestick patterns signaling potential reversals, or weakness in sentiment/mood potentially backed up by rumors or news for these 2 specific scenarios.
All elements in the project are potential support/resistance.
Target (TGT): A Buying Opportunity in the GapAfter three months of waiting and planning this setup on NYSE:TGT , we are finally buying shares following the recent drop into the desired breakout gap. Before this move, the stock hovered around the Point of Control (POC), making a breakout in either direction inevitable. This decline now provides a more favorable risk-to-reward ratio, setting us up to aim for the all-time highs once again.
If the level of wave (4) is breached, we will need to reassess our bullish outlook and consider a potential deeper correction. However, the setup remains promising as the 78.6% and 88.2% Fibonacci retracements align perfectly with the lower edge of the gap.
Historically, NYSE:TGT ’s oversold RSI since 2019 has led to a minimum 50% pump in four out of six cases, further solidifying our bullish view. The next critical level to watch is $180—reclaiming this resistance will be crucial for continued upward movement. Until then, we will stay patient and monitor the situation. ✅
TGT possible long term support zoneBig drop after ER. Dropping to a long term trend support. Inflection point. Could be a possible bounce buy area.
TGT LONGA little more risky of a play, earnings coming up,. Target is set to report its third-quarter results on Wednesday morning, with the market eagerly anticipating insights into U.S. consumer spending ahead of the holiday shopping season. Analysts remain optimistic about Target’s stock, with 10 out of 16 tracked by Visible Alpha holding "buy" ratings and nearly all setting price targets above the current stock price. Sales and profits are expected to show modest year-over-year growth, as Target has focused on lowering prices to attract back customers who were cautious earlier this year due to inflation concerns.
Already have first wedge breakout, 170 target still, second wedge I think will break out after tomorrow.. 168 target, tomorrow economic data / dealer weakness end should have market back in gear.
TGT long term buying levels would start to accumulate TGT from these levels, pierce of 100$ and 70$ as an investment
Target Watch the GapNYSE:TGT Watch the volume profile gap on TGT if it breaks below and buyers move to NYSE:WMT and short sellers step in it had more room to go. Earnings call is critical to them holding this level. Institutional buyers may step out as well. Very poorly managed company. This is a weekly chart.
$TGT - Potential inverse head and shoulderNYSE: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.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
TGT Long into 2025NYSE:TGT has been building a base for a couple months, and is breaking structure to the upside in the short term from discount of the current range.
Taking a long here targeting August highs and eventually break out to the upside above 2022 August consolidation.
Big pattern of TGT! 🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
