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4TGT trade ideas

Target-ing (TGT) a LongThe Setup Target NYSE:TGT has had a very bearish fall off All-Time-Highs over the last 2 years. It has finally retraced the entire length of its run from the 2019 Pre-COVID High and returned to it as potential Support. Price MUST hold here or else continue down to lower levels in the "Valley of Risk". It is worth a trade off this level. The Trade: Today on the opening 30 minute spike we got such an opportunity for a low-risk entry. The price spike had an acceptable ATR Clearance per my rules and happened on the 50% Retracement of the June low to June high. The first Target is the June high with a following target of the 50% Retracement of the 2023 bear trend around 153.39.
NYSE:TGTLong
by norok
12
TARGET Stock Chart Fibonacci Analysis 060523Trading idea - Entry point > 134/61.80% 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 134/61.80% Chart time frame : D A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : D A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NYSE:TGT
by fibonacci6180
Possible Technical Rebound on Target (CFD)Seems like there is a sector rotation happening on Friday. S&P and Dow30 rallied 1-2%, while Nasdaq lag behind by 0.65%. The sectors that rallied on Friday were the Material, Industrial, and Consumer Cyclical. It may be a good time to bottom-pick some of the bruised and battered cyclical. This is a pure technical play on an oversold company. The support level is around 131. A rebound back to the previous swing level, around 150, is possible. CFD trade is possible on this.
NYSE:TGTLong
by NimbusCapital
M PatternMs are noted to be bullish as they reverse upward at the end of the 4th leg which may not have been reached yet. Possible Crab but will see where this bottoms at. Crabs have a 4th leg that ends near the 1.618 and is known as a reversal pattern. A deep pull back is the norm for the 4th leg for the crab. The butterfly ends at the 1.272. This is at the 1.272 but hanging on the line of the 1.272. This is deeply oversold. It is well below the Bands at this point which is an indicator it is oversold along with RSI. Sellers do exhaust. There comes a point when you see so many red candles it looks scary sometimes. But eventually the bulk of sellers will be out of the picture and buyers will come in. The time this sell off takes it related to how many buyers are in this stock. At this point, I would say there were a ton of buyers in the past. They panic and sell. The human soul can only tolerate a certain amount of financial pain. They will fizzle eventually and buyers will come in. Question being when will this happen? There are still Rising wedges below price and they are not valid as the bottom lines have not been broken. The lowest being just under 120. No recommendation. No recomendation.
NYSE:TGT
by lauralea