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4TGT trade ideas

Target beats Q1 earningsTarget Beats. Target (TGT) reported Q1 April 2021 earnings of $3.69 per share on revenue of $24.2 billion. The consensus earnings estimate was $2.26 per share on revenue of $21.3 billion. Revenue grew 23.4% on a year-over-year basis. R3 = $221.89 R2 = $217.59 R1 = $213.28 pivot = $209.41 S1 = $205.29 S2 = $200.99 S3 = $196.70 Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analysts motives Emotions & Opinions FOMO : bad timing Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification www.tradingview.com
NYSE:TGTLong
by Options360
TGT Long IdeaTGT has been on a bull run the past few weeks and it currently trading at ATH. Price just broke ascending triangle, gapped up and now is on a bull flag setup. 1. Price trading at ATH and now forming a bull flag. 2. Caution; Red candle on the 1hr chart with big red volume. Price might do a quick retest on 207-206 area for the next move up. However, on a longer term, daily candle shows big green candle with a bigger than last green volume. (bullish, mid term) 3. RSI on Daily and Hourly time frame is around the 70 level. (near overbought) Scenario: 1. Breakout play; entry zone just above 209.59 resistance level. 2. Pullback play; entry once price gets rejected from the 206-207 resistance area. Target1; 215.80 area with rejection candle Target2: 219.63 with trend continuation.
NYSE:TGTLong
by mdd100
2
TGT Bull Flag Target looks like a Bull Flag Pattern. Target is currently at the $200 level. There is a hard resistance around this $201 level (as you can see, we have failed to move above it previously 3 times in the recent period). If we are able to hold this level and with more volume, the fibs indicate a breakout to $210 is possible. However if we can't hold this level and get rejected, we will probably retrace back to this $196-197 level where the 61.80% fib re-tracement lies. Support: $198.40, $196.05 Resistance: $201.38, $201.79
NYSE:TGT
by nataliegarces
$TGT- Target Corp - (Earnings Sell off & Wedge Example)3/2/21 $TGT- Target Corp - 6.771% Decliner Catalysts: 1. What I have personally noticed that after earnings beats: If earnings are not exceptional, you will often see a sell off where there is profit taking, shorts covering and shorts entering. Combined with the chopiness we saw this past week and today with SPY and QQQ, the sell off shouldn't have came as too much of a suprise. Price was able to recover somewhat later in the session. 2. Target chose to withdrew 2021 fiscal guidance, "in light of the highly fluid and uncertain outlook for consumer shopping patterns and the impact of COVID-19." Not worrisome to most but something worth noting that definitely did not help the sell off we saw on the open. 3. Price was already in a downtrend and broke the lower trendline of wedge shown in chart. A bearish signal. A bullish note: I see Target as a great buy at this price. This was a solid earnings beat with an increase in revenue and sales and a beat on EPS. Earnings highlights: -Target's 2020 sales growth of more than $15 billion was greater than the Company's total sales growth over the prior 11 years. -Comparable sales grew 20.5 percent in the fourth quarter, reflecting comparable stores sales growth of 6.9 percent and digital sales growth of 118 percent. -Total revenue of $28.3 billion grew 21.1 percent compared with last year, driven by sales growth of 21.0 percent and a 28.7 percent increase in other revenue. -Operating income was $1.8 billion in fourth quarter 2020, up 53.2 percent from $1.2 billion in 2019. Analyst are also bullish. The majority of analyst ratings are all upgrades and increase in PT's anywhere from $195-$230. -I'm going to be taking a look at some of the top daily gainers (may throw in some losers occasionally) of the day on their daily charts and posting them here throughout March. This is not advice. Just analyzing price action and patterns. -I will try to vary the catalysts (analyst upgrades, earnings, clinical trial results, etc.) for the stock moving (if any) and the sector that the stocks are in. -You'll notice I try to keep my charts as simple as possible. Black background and no grid. I will be focusing solely on price action, patterns, and support and resistance levels. No moving averages, MACD, volume profiles, Bollinger bands, etc. Please feel free to comment or leave suggestions. I am always looking to improve. Thanks.
NYSE:TGT
by mgallagher1
1