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

TARGET CORP CEDEAR EACH 24 REP 1 COM USD0.0833

4,875ARSD
+10+0.21%
At close at Jun 9, 19:59 GMT
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TGT trade ideas

TARGET $TGT - Mar. 25th, 2024TARGET NYSE:TGT - Mar. 25th, 2024 BUY/LONG ZONE (GREEN): $170.50 - $184.00 DO NOT TRADE/DNT ZONE (WHITE): $163.25 - $170.50 SELL/SHORT ZONE (RED): $150.25 - $163.25 Weekly: Bullish Daily: Bullish 4H: Bullish NYSE:TGT had strong bullish momentum on March 5th, we saw a slight pullback after with steady bearish structure on the 4H timeframe, and then a break back above structure to create a new bullish zone to begin looking for entries. The DNT zone is marked in the event of a breakdown of the bullish structure. The bearish trend would begin at the bottom of the overall structure of the previous bear leg. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trend analysis, technical indicators, support and resistance, targetstock, tgtstock, NYSE:TGT , tgt, target, retailstocks, supermarketstocks, walmart, costco, NYSE:WMT , NASDAQ:COST , targetanalysis, targettrend, targetlong, targetshort,
NYSE:TGTLong
by TonyAiello
Target Beats Expectations Despite Sales Dip.Target Corporation ( NYSE:TGT ) has defied expectations with its latest earnings report, showcasing resilience in the face of challenging market conditions. Despite a dip in holiday sales, the retail giant reported a surge in earnings for the fourth quarter, surpassing analyst estimates and instilling confidence in investors. As the company sets its sights on 2024, it unveils ambitious plans to boost store traffic and reignite sales growth through innovative strategies. Earnings Surge Amidst Sales Decline: In a surprising turn of events, Target ( NYSE:TGT ) reported a significant increase in earnings for the holiday quarter, with adjusted earnings per share (EPS) reaching $2.98 compared to $1.89 in the same period last year. This remarkable surge comes despite a 4.4% decline in comparable sales, which was lower than the 4.6% decline anticipated by analysts. The company attributes this resilience to a recovery in online sales, driven by a robust Black Friday and Cyber Monday performance. Strategic Initiatives Driving Growth: Target's success can be attributed to its strategic initiatives aimed at enhancing customer experience and driving sales. The introduction of same-day pickup services, such as Drive-up, has proven to be a game-changer, accounting for more than 10% of total sales in the quarter. Furthermore, the rollout of new product collections and the launch of a membership program are expected to further stimulate spending at Target stores. Navigating Challenges and Embracing Opportunities: Despite facing challenges such as inflation and retail crime, Target remains steadfast in its pursuit of growth. By focusing on expanding its product offerings and improving service offerings, the company aims to capitalize on emerging opportunities in the retail landscape. Additionally, Target's commitment to innovation, as evidenced by its consideration of a new paid membership program, underscores its determination to stay ahead of the curve. Outlook for 2024: Looking ahead, Target ( NYSE:TGT ) projects adjusted earnings between $8.60 to $9.60 per share for 2024, signaling confidence in its ability to sustain profitability amidst evolving market dynamics. Furthermore, the company expects annual comparable sales to be flat to up 2% this year, demonstrating optimism regarding its sales recovery trajectory. Investor Sentiment and Market Analysis: Target's upbeat earnings report has elicited a positive response from investors, with shares surging by as much as 11% in premarket trading. Despite some moderation in gains, the stock remains undervalued, trading at a favorable forward earnings multiple. This indicates potential upside for investors and reflects market confidence in Target's long-term growth prospects. Conclusion: In conclusion, Target's ( NYSE:TGT ) stellar performance in the face of adversity underscores its resilience and adaptability as a retail powerhouse. With a clear focus on driving innovation, enhancing customer engagement, and delivering shareholder value, the company is well-positioned to navigate challenges and capitalize on opportunities in the dynamic retail landscape.
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by DEXWireNews
TGT - Analysis on recent strong moves - what we need to move upWelcome back to the trading floor traders! Our favorite place to be... On Target, we are likely going to need some further liquidity to be built for the bulls to continue moving this up the way they have been - if this is the case, it will happen using our teal and orange controlled selling algorithms. First we will look for yellow strong buying continuation to hold price and attempt a retest of our $153 high - but a break of yellow and we are then looking for confirmation of sell-side tapering via our teal channel. Note: $150 is a strong level that could give us a reaction and quick bounce but in order for new highs to continue to be created we will need to continue to use our controlled selling algos to do that. Keep you posted here as price develops! Also please join me at market open (9:30 AM EST) where I will be trading live on stream here on TradingView and taking trades, analyzing charts, and having fun with our awesome community. Happy Trading :)
NLong
by ReigningTrades
Falling wedge on the weeklyI am back! It's been more than a year since I posted on Tradingview. Now, I am back with a slightly different strategy. Most of the ideas I post, won't solely be justified on the technical look, but technical and fundamental outlook. In each case, I will mark whether it ticks one or both boxes. As you can see, the first idea is Target, which was beaten down over the last two years. After some time, it formed a "Falling Wedge" pattern and broke out with high volume. Both are bullish signs. Now it is going sideways. I believe it is collecting energy for the next move upwards, to which, earnings (05 Mar.) could be the catalyst. The price target is 181.92 (R1 Pivot) - 25% upside potential Support sits at 142.67 (P Pivot) Support 2: 132.12 (Volume profile - Point of Control) - 9.22% downside potential Open P&L: 2.82 Technicals: ✅ Fundamentals: ✅ The content of this page is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product!
NLong
by benedekdomotor
4
Great run up, now time to SHORT! TGTTGT has reached a resistance point, and revenue/EPS growth has gone negative this year. It's got a little debt but not being a growth company like many have speculated it is, is my fundamental catalyst for shorting this. From a technical standpoint it also looks like a good risk/reward to be short this stock. There is a large gap from earnings that needs closing as well. Those would be price targets if you decide to take this trade. Cheers
NShort
by DontSlamTheDoor
1
Example of The Retracement TheoryOn the chart I include the formula and a example of how to get shirt term price targets using the retrace theory. Basic retracement theory (B-A)+C (130.77-128.71)+129.94=$132 the low = A the retrace high = B current retracement low = C Trend Strength Maximum Retracements Upside Targets (downside targets are inverse) Very Strong -14.6% to 23.7% A to B added to C Easily exceed B -Strong 38.2% A to B added to C Easily exceed B -Medium Strong 38.2% to 50% 80% of A to B added to C Should Easily exceed B -Medium 50% 80% of A to B added to C Should Easily exceed B -Medium Weak 61.8% to 50% 80% of A to B added to C Possibly exceed B -Weak 61.8% 80% of A to B added to C Possibly exceed B -Very Weak 85.4%to 76.3% 80% of A to B added to C Probably will not exceed B
NEducation
by RLB512
$TGT Fibonacci Support or Double BottomIn the case of Target Corporation ( NYSE:TGT ), the consideration of whether to rely on Fibonacci support levels or to wait for a potential double bottom formation around $90.17 involves a strategic decision based on technical analysis principles. ### Fibonacci Support Level - **Fibonacci Retracement**: This tool is used to identify potential support levels based on key Fibonacci ratios (23.6%, 38.2%, 50%, 61.8%, and 100%) calculated from a prior price move. If NYSE:TGT is currently near a significant Fibonacci level, this could indicate a potential area where the stock might find support and possibly rebound. - **Confirmation**: Traders often look for additional confirmation signals at these levels, such as candlestick patterns, RSI divergences, or volume changes, to validate the strength of the Fibonacci support. ### Waiting for a Double Bottom at $90.17 - **Double Bottom Formation**: This is a bullish reversal pattern characterized by two distinct lows at a similar price level, with a moderate peak in-between. If NYSE:TGT approaches $90.17 and forms a pattern that resembles a double bottom, it could signal a potential reversal from the downtrend. - **Confirmation and Breakout**: Confirmation of a double bottom would require a rally above the peak between the two lows. This breakout is often accompanied by increased trading volume. ### Considerations for Investors and Traders 1. **Risk Tolerance and Time Horizon**: Your decision might depend on your risk tolerance and investment time horizon. Fibonacci levels can provide earlier entry points, but with potentially higher risk if the support level does not hold. Waiting for a double bottom formation may offer more confirmation but could result in a higher entry price. 2. **Market Context**: Consider overall market conditions and sector performance. Macro factors and company-specific news can influence the effectiveness of technical patterns. 3. **Additional Indicators**: Utilize other technical indicators and analysis methods to supplement the Fibonacci and double bottom analysis, ensuring a more comprehensive decision-making process. 4. **Active Monitoring**: Both approaches require active monitoring of the stock’s price action, particularly near the critical levels of interest, to make timely decisions based on the evolving technical landscape. In summary, the choice between relying on Fibonacci support and waiting for a double bottom at $90.17 for NYSE:TGT should be made based on a blend of your trading strategy, risk tolerance, and corroborating signals from other technical indicators and market analysis.
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by AlgoTradeAlert
Target should continue to declineCounting Target's Rise as a Super-Cycle Wave 1, the company stock appears to have AT LEAST completed Primary 3 of Cycle 5, and to be currently declining in Primary 4, in alternation with a long, shallow Primary 2, SO I expect 93.77, at least, if not as low as low 60s, by later this year (maybe August/September). It may be worth noting, that in its Minor C of Intermediate A of Primary 4, price extended (NEARLY) to its A-B extension of 1.618. I don't know whether this is meaningful, but maybe someone will.
NShort
by CuzDelux
3
Pick one or twoThese stocks are clearly in a downtrend and testing the downtrend line resistance. I have puts of TGT that I bought on Friday. If you want to trade one of these I recommend to open a limit order at a better price than it closed on Friday for the puts and pick a strike price close to the current price. You can also buy puts with different strike prices to balance out you risk. My TGT puts expire on 11/10 and strike 113. I may buy more but depends how the week goes. Always think on your risk reward, If price opens with a gap down just move to another trade.
NShort
by ArturoL