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TARGET CORPTARGET CORPTARGET CORP

TARGET CORP

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TGT trade ideas

Falling wedge on the weeklyI am back! It's been more than a year since I posted on Tradingview. Now, I am back with a slightly different strategy. Most of the ideas I post, won't solely be justified on the technical look, but technical and fundamental outlook. In each case, I will mark whether it ticks one or both boxes. As you can see, the first idea is Target, which was beaten down over the last two years. After some time, it formed a "Falling Wedge" pattern and broke out with high volume. Both are bullish signs. Now it is going sideways. I believe it is collecting energy for the next move upwards, to which, earnings (05 Mar.) could be the catalyst. The price target is 181.92 (R1 Pivot) - 25% upside potential Support sits at 142.67 (P Pivot) Support 2: 132.12 (Volume profile - Point of Control) - 9.22% downside potential Open P&L: 2.82 Technicals: ✅ Fundamentals: ✅ The content of this page is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product!
NYSE:TGTLong
by benedekdomotor
4
Great run up, now time to SHORT! TGTTGT has reached a resistance point, and revenue/EPS growth has gone negative this year. It's got a little debt but not being a growth company like many have speculated it is, is my fundamental catalyst for shorting this. From a technical standpoint it also looks like a good risk/reward to be short this stock. There is a large gap from earnings that needs closing as well. Those would be price targets if you decide to take this trade. Cheers
NYSE:TGTShort
by DontSlamTheDoor
1
Example of The Retracement TheoryOn the chart I include the formula and a example of how to get shirt term price targets using the retrace theory. Basic retracement theory (B-A)+C (130.77-128.71)+129.94=$132 the low = A the retrace high = B current retracement low = C Trend Strength Maximum Retracements Upside Targets (downside targets are inverse) Very Strong -14.6% to 23.7% A to B added to C Easily exceed B -Strong 38.2% A to B added to C Easily exceed B -Medium Strong 38.2% to 50% 80% of A to B added to C Should Easily exceed B -Medium 50% 80% of A to B added to C Should Easily exceed B -Medium Weak 61.8% to 50% 80% of A to B added to C Possibly exceed B -Weak 61.8% 80% of A to B added to C Possibly exceed B -Very Weak 85.4%to 76.3% 80% of A to B added to C Probably will not exceed B
NYSE:TGTEducation
by RLB512
$TGT Fibonacci Support or Double BottomIn the case of Target Corporation ( NYSE:TGT ), the consideration of whether to rely on Fibonacci support levels or to wait for a potential double bottom formation around $90.17 involves a strategic decision based on technical analysis principles. ### Fibonacci Support Level - **Fibonacci Retracement**: This tool is used to identify potential support levels based on key Fibonacci ratios (23.6%, 38.2%, 50%, 61.8%, and 100%) calculated from a prior price move. If NYSE:TGT is currently near a significant Fibonacci level, this could indicate a potential area where the stock might find support and possibly rebound. - **Confirmation**: Traders often look for additional confirmation signals at these levels, such as candlestick patterns, RSI divergences, or volume changes, to validate the strength of the Fibonacci support. ### Waiting for a Double Bottom at $90.17 - **Double Bottom Formation**: This is a bullish reversal pattern characterized by two distinct lows at a similar price level, with a moderate peak in-between. If NYSE:TGT approaches $90.17 and forms a pattern that resembles a double bottom, it could signal a potential reversal from the downtrend. - **Confirmation and Breakout**: Confirmation of a double bottom would require a rally above the peak between the two lows. This breakout is often accompanied by increased trading volume. ### Considerations for Investors and Traders 1. **Risk Tolerance and Time Horizon**: Your decision might depend on your risk tolerance and investment time horizon. Fibonacci levels can provide earlier entry points, but with potentially higher risk if the support level does not hold. Waiting for a double bottom formation may offer more confirmation but could result in a higher entry price. 2. **Market Context**: Consider overall market conditions and sector performance. Macro factors and company-specific news can influence the effectiveness of technical patterns. 3. **Additional Indicators**: Utilize other technical indicators and analysis methods to supplement the Fibonacci and double bottom analysis, ensuring a more comprehensive decision-making process. 4. **Active Monitoring**: Both approaches require active monitoring of the stock’s price action, particularly near the critical levels of interest, to make timely decisions based on the evolving technical landscape. In summary, the choice between relying on Fibonacci support and waiting for a double bottom at $90.17 for NYSE:TGT should be made based on a blend of your trading strategy, risk tolerance, and corroborating signals from other technical indicators and market analysis.
NYSE:TGT
by AlgoTradeAlert
Target should continue to declineCounting Target's Rise as a Super-Cycle Wave 1, the company stock appears to have AT LEAST completed Primary 3 of Cycle 5, and to be currently declining in Primary 4, in alternation with a long, shallow Primary 2, SO I expect 93.77, at least, if not as low as low 60s, by later this year (maybe August/September). It may be worth noting, that in its Minor C of Intermediate A of Primary 4, price extended (NEARLY) to its A-B extension of 1.618. I don't know whether this is meaningful, but maybe someone will.
NYSE:TGTShort
by CuzDelux
3
Pick one or twoThese stocks are clearly in a downtrend and testing the downtrend line resistance. I have puts of TGT that I bought on Friday. If you want to trade one of these I recommend to open a limit order at a better price than it closed on Friday for the puts and pick a strike price close to the current price. You can also buy puts with different strike prices to balance out you risk. My TGT puts expire on 11/10 and strike 113. I may buy more but depends how the week goes. Always think on your risk reward, If price opens with a gap down just move to another trade.
NYSE:TGTShort
by ArturoL
Why is Target doing so bad?Why is Target doing so bad? Company Analysis Why is Target doing so bad? They've really fell off a cliff over the past year. I look at their stores and they seem good, and once upon a time not too long ago they were outperforming Walmart. Now their NAV prices have really dropped over the past year and a half. I was once up 80% on these guys and know I'm down 20%. Is it the general market swing over the course of that time or something else? What gives? Discussions over the price is not my concern but the people arguing why is it? this idea is for analysis only. This is not a financial advice.
NYSE:TGT
by D1GITALTRADES
TARGET is over punishedIt's true that economy is deteriorating, so does the Target (TGT) stock. However, the retailer giant TGT stock has been unreasonably undervalued. The current price is no longer reflecting the strength of growing revenue and profit for the company. Market has been overly pessimistic about the future economy and unrealistically dumping the stock. The valuation shows that the company is financially growing after the pandemic fall. But the stock value remained in decline. It is very cheap now to own TGT stock at discounted price.
NYSE:TGT
by danny_peanuts