Target Watch price actionIf we can break above 150.66 and then break above 152 we can see more upside , although very unlikely . If we get rejected at either of these levels Ill be playing the downside. $$
TGTB34 trade ideas
Target missed its quarterly targetsTarget has shed off almost 50% from its peak at 267.64 in November last year. From the chart, I think the price action is likely to revisit the support at 126.29. Here, it might stage a rebound but it has to break out convincingly out of 143.71 resistance level to continue the rally.
Else, we can expect price to falls further south towards 90.65, the next support level.
Head and Shoulders//Possible Bounce SoonPrice is below the neckline.
Long impulse wave up and price is well below the neckline.
Short percent is 1.81%.
Price is below the bands set on 80 so possible bounce to the upside soon. Price being below the bands can be a bearish signal, but when price is stretched to the downside, it is not unusual for price to snap back in, even if temporarily. This looks risky to be long for any length of time, but a short term pop is possible. A support level is not far below price from a prior bottom.
No recommendation
TGT Rectangle ConsolidationAfter Earnings Report and the massive sell-off, TGT spent the last few days in a sideways consolidation (rectangle) - One of my favorite setups.
Upside case: Above the top of the rectangle (155.81) I would go long targeting 161.50
Downside case: Below 150.95 I would go short targeting 146.
I am treating every trade as a scalp and I have not been holding any position for more than a day.
TGT: All levels of interestTGT (Target), consumer defensive play crashing on bad earnings and inflation concerns....
Weekly chart.
Now oversold. Can we go lower?
Here are the levels I'm watching to enter:
- 139.30: I'll be buying if we reach that level. If it holds it will be a long term investment for me. If it just bounces and drops, I'll be selling and looking for the next level.
- 90-82: is the second zone of interest I'm watching. If we reach this zone I'll buy stocks as a long term investment.
Trade safe.
TARGET Big earnigs miss = Big buy opportunityTarget Corporation (TGT) surprisingly missed their earnings yesterday by a wide margin. This caused the price to close almost -25% from its Tuesday closing and even though this is fundamentally far from an ideal situation, technically it hit and marginally broke the bottom (Lower Lows) trend-line of the Bearish Megaphone pattern it has been trading in since October 2021.
At the same time, the 1D RSI broke well below the 30.000 oversold barrier and the last three times the stock has done so, it rebounded by at least +10%. This 10% almost did it yesterday intra day. The other two times it overcame this 10% Resistance, the price reached as high as the Lower Highs (top) trend-line of the Megaphone. As a result, it might be safer to buy if the price closes above this 10% barrier and target the 0.786 Fibonacci retracement level, which was the Lower High on April 21 2022.
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Earnings watch 5/18Earnings watch 5/18:
EDRY
ADI
ZIM
CPRT
CSCO
CL
LOW
TJX
TGT
BBWI
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
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Bad Gap Down Candle So FarThis candle on daily has a long top wick/shadow so far today. Weekly candle is a red Marubozu with a shaven open and a shaven close.
A marubozu candlestick is a either bullish or bearish candlestick. They are larger candles and don't have any upper wicks or lower shadows. They are typically green on charts when bullish and red on charts when they are bearish.
Sometimes the gap down candle can be an indicator of whether price will continue falling. A gap down (a falling window) is usually bearish in itself without bad candles.
Head and shoulders top with a sloping neckline. The last leg up did not beat the high.
No recommendation.
It seems the whole consumer staples sector is suffering with this one. WMT's earnings miss did not help. It is often best not to attempt to catch a falling knife as they can cut you. )o:
Be safe//Laura
TGT Target first Earnings Miss since Q3 of 2018TGT Target CEO Brian Cornell: "We never expected the kind of cost increases in freight and transportation that we're seeing right now".
Net Sales: $25.17 billion vs. $24.47 billion estimates
Gross Margin: 25.7% vs. 29% estimates
Diluted EPS: $2.19 vs. $3.07 estimates
TGT Target continues to expect low-to-mid single digit percentage sales growth this year.
My price target is $149 and ultimately the pre-pandemic level of $130.
Looking forward to read your opinion about it.
Target:Bargain hunt after earnings missTarget
Short Term - We look to Buy at 160 (stop at 140)
This stock has recently been in the news headlines. They reported a surprise earnings miss and this sent the share price plummeting in the premarket. This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside. Dip buying offers good risk/reward. Further upside is expected.
Our profit targets will be 219 and 240
Resistance: 180 / 200 / 220
Support: 160 / 140 / 120
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TGT Beautiful Holds... LOOK for these in 2022Beautiful holds (THREE TIMES) on TGT level... Post-earnings 50% Pullback.
These will be the opportunities to look for in 2022 ... when the market is slowly bullish you have to find opportunity in individual stocks around earnings!
Any by "around earnings" NOT the day before!!! 😠 It means getting in weeks prior for runups and weeks after for pullbacks 👍
Earnings season Q2 is fast approaching now... draw your levels and set your alerts!
