TGT forms Bearish Divergence
Over the past few of weeks TGT has been on a strong uptrend but has slowed on its momentum since being removed from GS buy list. TGT has not been able to pass the $260 resistance level and it has created a bearish divergence, at the top of a strong uptrend. Expecting an early rejection off the $260 resistance level and the start of the bearish trend.
Entry: $254 (with a bounce off $251 and price rejection at resistance)
Price Target: $225
Stop Loss: $256.69
Will use the trend lines in between to take profits
Entry: $254 (with a bounce off $251 and price rejection at resistance)
Price Target: $225
Stop Loss: $256.69
Will use the trend lines in between to take profits
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