Short $TGT (Target)If it wasn't for the still significant dividend yield, I would heavily short this,
4TGT trade ideas
TGT on the 22nd of MayHi guys I never share actually my trades here on Tradingview but perhaps sharing could help me and you to improve the trading practice! I post it as tutorial, just for you to understand my strategy and how I approach on stocks selection and risk management!
Here is the link to the trade : www.tradervue.com
Any comment or suggestion is more then welcome :)
TGT has a nice quarter report but the road to the north depends nice quarterly reported by TGT, but it has to prove itself to have enough strength to get out of the 5 year trading range by this week's close.
also showing a negative divergence so far, need a strong weekly close to change that.
$TGT Bullish and bearish Count in TargetTarget earnings is going to be very interesting for the broader market as NYSE:WMT NYSE:HD NYSE:KSS have all disappointing investors.
We have included two scenarios for Target post earnings tomorrow but our bias is on the bearish side. It is our belief that retail is suffering once again and sentiment is quite poor in the segment. They MA'S are very bearish and are holding down the price. A test of the December lows in the $60 range is our minimum target for the C wave with $54 a very bearish target.
Average Recommendation Overweight
Average price target $86
$TGT 15% gain incoming? Major support 100/200/260ma WEEKLY? $TGT100/200/260ma WEEKLY? MASSIVE GAIN INCOMING?
This $TGT Chart Signals Trouble...Shares of Target Corp $TGT are signaling a strong sell. Just two weeks ago, the stock chart put in multiple topping tails showing major distribution but big money. As the S&P hit new all-time highs over the past week, Target shares fell. In the last few days, those same tail formations are beginning again, signaling more distribution. It is likely Target Corp will start to break lower in the coming days, headed for the $80 target. Note the chart...
my countmy count at the moment. not sure that we should enter a trade right now or should wait a bit more for confirmation of a reversal. probably the later
TGT should reboundExpecting this stock to drop down to this support before rebounding from this gap down
TGT: Bullish Breakout on Seasonal Holiday EarningsTarget showed me all the ways to make money today. I took a small scale in a few days ago anticipating a good response to holiday earnings after they had a relatively lukewarm rebound from the late 2018 correction. Seeing the traffic at my own local Target, I was certain they would exceed expectations and they lived up to my hopes and more. After hours trading today was slightly down, but I expect this as some long term HODL'ers are finally realizing some profit, so there will be probably be more attention and buying for this household brand. I'll scale in and gradually ease my stops up to retain made profits at it rises. The profit taking found plenty of willing buyers, though, with the chart showing a black hammer doji that's a mild bullish signal with breakout confirmation needed in the coming days.
For technicals, a MACD has been positive but flat for some time with the histogram only now breaking out bullish. ADX is low but pulling upward suggesting a coming upward price trend with DI+ above DI- for a few weeks and diverging strongly with DI- crossing below ADX as a potential buy signal. RSI is breaking above 60 but still below 75 so there's still time to hop on board if this only going to be a short lived price trend, but this shows signs of a contrarian pull back upward from the trough of the recent market wide corrections.
This is likely to run up to 80 before really hitting it's first major resistance level and onward to 88 if it can sustain upward momentum long term. Expect a stair stepping pattern upward as well as watch close competitors like KSS and WMT and GPS and others to gauge sector and industry correlation.
Bearish TGTThis chart has some technicals suggesting an extended move lower is likely ahead. A break below the trend line could suggest a visit to the 59.20 level. It would be difficult to be long this stock at this levels...
TGT - Dancing at Resistance Even after a crazy week target is dancing around the resistance line. I believe it will continue to follow the downward channel, therefore this week I am planning to buy some put options.
TGT, BBY Earnings: Retail Brick & Mortar Topping Patterns Target and Best Buy reported earnings today and their stock values fell, TGT worse than BBY. The retail brick and mortar stores are the last group to report each season. The ubiquitous AMZN has put most of this type of store at risk of total displacement as consumers prefer the ease and speed of online shopping over driving to a store.
Technical patterns are even more important in a downtrend as the 3 primary market participant groups that sell short are technically oriented rather than fundamentalist or emotional buyers or sellers. Study both weekly and daily charts before you choose stocks to sell short, in order to calculate potential support bounce levels, and to anticipate how far a stock can drop.
This is one of the newer topping formations that developed in the past few years as the market became fully automated for the Institutions.
updateGreen zone a key level to watch in TGT. I expect the price to react strongly (either up or down) when reaching this zone. Wait for price to react before making a trade or be sure to use stops based on your own risk tolerance.
