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TARGET CORP CEDEAR EACH 24 REP 1 COM USD0.0833TT

TARGET CORP CEDEAR EACH 24 REP 1 COM USD0.0833

4,890ARSD
−140−2.69%
At close at Jun 11, 22:07 GMT
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TGT trade ideas

Target: From a loser to a big winnerNYSE:TGT Target went against the consensus and proved it worthwhile to invest in physical stores Four years after disappointing investors with its decision to prioritize traditional branches, the retail giant is enjoying a steady rise in revenue, which soared during the pandemic. At the heart of the strategy: listening to customers and better training employees. When Target announced its strategy in 2017 to give priority to physical stores to fight Amazon, investors did not try to hide their disappointment. Apparently, on the day that $7 billion was allocated to promote this strategy, the American retail company’s share fell by 12%. Four years later, few on Wall Street doubt the justification for investing. While consumers have abandoned malls and department stores since the plague broke out, they have flocked to Target’s huge, bright, and organized stores. Last year, revenues jumped 20 percent to $93.6 billion, led by the movement of shoppers in physical stores as well as online commerce. The company’s stock has soared 170% since Corona’s restrictions began in March 2020, and last week its market capitalization climbed to $130 billion. Target, which opened its first branch in 1962 in Minnesota, did not always enjoy the sympathy of the public. In 2013, it went through a difficult period, when the customers’ personal details were revealed in a cyberattack, and at the same time, it began a failed expansion operation in Canada. A year later, Brian Cornell, former CEO of Walmart’s Sam’s Club, was named CEO, with the goal of leading the change. Target Stock Price: 300% within 2 and a half years.
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by JohnGoldman1
TGT forms Bearish DivergenceOver 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
NShort
by christianmartin4746
TGT looks strong for the next month or soTGT has been in a strong uptrend for months now, it seemed as though it was making a reversal but last week the downtrend momentum began to slow - The strong uptrend of TGT is filled with bull flags, and it seems to be going through another - Support channel for TGT was $241.23 - $237.67 - TGT made a strong drop to support line at $241.59 and began to go up from there - $241.59 is about 50 percent of the previous uptrend, which is a good indicator of a bull flag - TGT seems to be giving a bullish doji star at the end of a downtrend (wait til end of day for conformation) - MACD is also showing a slow in downward momentum and MACD line is about to trend up and going to cross signal line - Using Fibonacci extensions and retracements, TGT resistance looks to be between $274.31 - $277.83 TGT usually makes its longer move over a month. $245 looks to be great entry point, but $250.65 seems to be the absolute conformation needed for the long haul.
NLong
by christianmartin4746