TARGET PRE EARNINGS RUN UP. Bullish trend, BreakoutI always love playing longs before earnings to get a free lotto on earnings.
0LD8 trade ideas
$TGT Oversold Bounce to 122 then drop again to 105 or 90s Oversold indicators and Bounced from channel bottom (red color) suggested bounce to close recent gap at 122.5 then possible falling again to close lower gaps specially at 105 then at 90s which is about 1.6 fib from the top . if its break down red channel then will target 105 directly ..
Make the Move with Target this FebuaryTarget normally does really well around this time and the chart shows it. Past the redline is where you could put your stoploss or a bit further down.
Taking calls here would be decent, but over the green line is CONFIRMATION. Remember all lines of support and resistance are similar to rubber bands NOT metal rods. Trade carefully, NEVER be afraid to take the green.
$TGT - long, good risk/rewardNYSE:TGT - long for a bounce off the bottom trend line of bullish parallel channel
Target in Danger Currently in a critical situation having suffered a post earnings sell off.
The chart is full off gaps which exacerbate these moves.
A drop below the 100 Day Moving Average sub $100 could be on the cards.
TGT Symmetrical TriangleMACD looking good on 4 hr, higher lows, the last few candles based on close and wicks.
Trendline from August earnings at around $114 up here could offer support if it drops downwards.
RSI oversold.
Gap fill around $123 upside, around $114 downside with a secondary at around $111.
Need more data but A/D could be forming an uptrend.
Not advice.
TGT - Gaps to Fill Down - Earnings Miss - Trade Cautiously Waiting for confirmation break of white trendline to enter bearish.
Trade Entry
Will update with specifics once trend breaks.
Chart Details
Earnings miss on TGT caused gap down, almost filling top gap in chart.
Other large gaps down to $73.
Bearish EMA cross and bearish 10WeekMA price cross, but price still in “fakeout channel”.
Must confirm break of channel to indicate entry for downtrend.
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$TGT | Monthly TF | Breakout Territoryrising wedges that break upwards in bull markets are hella bullish, dont fight the trend, use this to find good risk reward set-ups and remember the trend is your friend.
TGT: Parabolic mover! One more pop into 130's, then recalibrate.Very bullish ascending triangle on the monthly... seems to already be in position for LONG, but watch for break and hold above ~128.50.
I'll be keeping a close eye on this one going into next week!
TGT Quick FlipBought some puts at the rejection at the top here for a quick one day flip.
I don't expect this to tank, TGT is doing pretty well, just a quick flip.
$TGT Bull Flag in Target Long entry on break from bull flag @$128
upside target $137 and stop loss set @$126
TGT Platform Position TrendTGT has a Platform candlestick pattern which is a Position Trading style sideways price action. It is indicative of Dark Pool Quiet Accumulation that then triggers High Frequency Trader gaps. The resumption of another Platform candlestick pattern indicates the accumulation is not over.
TGT looking for BREAKOUTWaiting for TGT to break out and move upward, no position until we test more lows and highs of this triangle pattern.
TGT - From Outter Space - 45 Year Log Chart - Part 2 of 2Daily view shows that short term we are overbought.
Weekly view better confirms TGT overbought with RSI trend maxed out, Fisher Transform making wedge pattern, with next trend being bearish.
Based on the chart, I see we pullback to close the first gap (red box) which lands on the white line channel.
Then ride white channel up for a week or two, fall back into the second white channel, and then continue up to yellow top resistance line.
TGT moves VERY SLOW.
Basically:
- short term BEARISH - overbought RSI, pullback to red box.
- intermediate term BULLISH - until possibly May 2020. Some pullbacks in between.
- long term BEARISH - after price hits yellow resistance. This is best time to enter in my opinion. Knowing the only direction next is down.
Again, TGT is slow so it is best to plan entries on a weekly chart. You may be in this position longer than expected.
I am not in the position currently. If I enter, I will update charts.
I really apologize for yesterday after positing Part 1 of 2. I was notified that no user is allowed to post over 10 charts per day.
I would not have posted Part 1 without Part 2. I did not know about the 10 chart limit. This will not occur again. Thank you for your support.
The yellow resistance lines are strong support as seen in the Part 1 of 2 chart below. I consider 45 years strong. LOL
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
TGT - From Outter Space - 45 Year Log Chart - Part 1 of 2TGT currently looks to be one of the only retailers with positive returns currently.
The log chart shows a 45 year history where the support and resistance have many points of contact.
This strong support and resistance implies that the current trend will end when we get to top resistance.
The length of this current log trend from 1970's to 2020 shows the pattern leveling off.
This means we could see either a break down or break up in the next upcoming years.
I will update this chart with Part 2 of 2 showing daily price action.
Daily price action looks ready to short or buy puts soon.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY.
Short SPY and AAPL.
