TGT: Gap Fill and Very Low PTKeeping this short and sweet: TGT reported earnings last Tuesday and a large gap up was created. First PT is 202.
Not financial advice
4TGT trade ideas
Target - Short position Currently at $ 225 and XLP at $75.20 which seems to be good position for short. Profit taking at $217 and $210.
$TGT beating the EPS expectation.$TGT earnings has been stellar since the start of the pandemic after boosting their stores with their drive up pick and online with optional delivery or store pick up.
with these added convenience, customer intend to shop more often and helping Target to boost its revenue. despite the good earnings, $TGT did not make a rally yesterday
due to uncertainty of the economic backlash of the war between the two countries overseas. i think imo TGT is still a good buying opportunity once the market becomes more steady.
Day trade or scalp target play: 03/ 02 /22
Buy call above 224.90 sell at 230.24
Buy puts below 216.29 sell at 214.14
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Earnings watch 3/1 pre-marketEarnings watch 3/1 pre-market:
TGT
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TGT puts below supportMajor level to break with set PT zone for puts as well as downtrend resistance approaching.
$TGT | TRADE IDEA$TGT 1W
Target is consolidating in a megaphone pattern and bounced off TL support. Looking for history to repeat itself and break above the micro resistance (red line) for a retest of the upper TL. Seeing some bullish divergence as well as the oscillators looking to flip bullish.
TGT long biasI am long TGT in the intermediate term. i would like to see more strength and signs of reversal before entering. This is because the stock has room to fall still with the potential pts shown on the chart. I would like to see this break the down trend and base above the 23 to take this. As of now the stock has room to the 886 all the way to the 1618. Theres also been a heavy amount of order flow that we are trading below. the longer we trade below these prints the less bullish I become unless more orders start coming through.
NOT FINANCIAL ADVICE
$TGT Levelscan use same lines as PTs.
The breakout zone is the biggest concern here.
Breakout zone:
$228.6
$227.17
Opportunity forming in $TGTIf $TGT correction is complete, the current pullback can be viewed as an opportunity as the stock appears to be moving in an impulsive manner. Let's see if the stock catches support and move higher. Will update as time progress.
$TGT LevelsAs you can see, moving along nicely. I intend for TGT to continue moving up and or consolidate
TGT Holding on by a Thread Insider Selloffs combined with a poor technical setup, TGT looks incredibly weak at its current trading price of 225.40. TGT has been trading within a rectangular channel for the past several months (albeit not a particularly well defined channel but a channel nonetheless). It has tested the bottom bounds of this channel twice including a false breakout recently on the 21st of December. With any substantial selling volume, I expect a rather violent swing to the downside here for TGT. I expect TGT to see 189.50 per share soon and likely even hitting 165.70 levels sometime in the near future.
climbing back above support! a great sign for longs ๐ฅtgt saw a break below local support recently but looks like that could have been a short trap, since its currently trying to reclaim that support.
also bouncing off double bottom rsi support, a move over 226.36 can send it to 261 in early-mid 2022.
like and follow for more ๐
TGT buy signal inbound!TGT still recovering from massive sell-off. Buy signal over a clear break above $220. Still has not filled the gap back to 222-223 range. Holiday season is here and retail in general will get a boost. Also, online ordering has increased and new Covid is not as bad as everyone thought. Time to buy Target is (almost) here.
$TGT incoming bounce on its way, another short covering rallyA big bounce is imminent on $TGT here in the next few days to weeks, the stock has declined significantly in a brief amount of time and is now showing inside candles representing balance, a push over 221 will take us screaming higher. Short covers bring the excess liquidity, strong numbers represented by Target this holiday season is a contributing factor why we will bounce here. Be patient, another big trade is coming. Jan 220/225 calls can work on confirmation candle.
Target Double Top Ready for correctionTarget Double Topped on Weekly timeframe. The price fell below the support level at 225.
The long trend line was also broken.
If Monday it closes below that level is a clear Short for me with SL set at 225.
I offer 2 targets as TP:
1. Short term target set at Round number 200
2. Medium term set at around 167.
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Good Entry Here....It is an oversold territory . Look at fib retracement...it is a support...selling pressure is declining.
Target Double top Closed Beneath daily 200sma and weekly 50sma today.
Selling pressure has not abated after 5 straight weeks.
Double top pattern should complete around 167
Entry below 222$
Stop loss 225
TP 167
