TGT trade ideas
Target upside??This is a daily chart. I feel target had a fast drop because of the Gay pride shirt release. The market over reacted and also forgets fast. I'm going to start a position Monday. Then DCA if it hits my buy zone. Possible fast jump to 140ish... what do you think?
at least 20%Analysts downgraded it, but technically and fundamentally, this action has the potential for a significant rise. Furthermore, within its group, it has the strongest fundamentals.
TARGET has more room to the downside, reversal zone identifiedThis idea is based on Wyckoff's method for determining price objectives using the Point & Figure count of distribution ranges. We can see multiple distribution ranges following both schematic 1 and schematic 2 for Wyckoff's distribution.
If we take count the ranges separately, this yields a potential reversal zone between 105.5 and 84.50 dollar per share.
All other information is on the chart.
Good luck,
NQDecipher
$TGT Best chart of the week? June 6 2023Looking to add 2 week call option calls over 128 for 135, 39, 43!
TARGET Stock Chart Fibonacci Analysis 060523Trading idea - Entry point > 134/61.80%
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 134/61.80%
Chart time frame : D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : D
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Possible Technical Rebound on Target (CFD)Seems like there is a sector rotation happening on Friday.
S&P and Dow30 rallied 1-2%, while Nasdaq lag behind by 0.65%.
The sectors that rallied on Friday were the Material, Industrial, and Consumer Cyclical.
It may be a good time to bottom-pick some of the bruised and battered cyclical.
This is a pure technical play on an oversold company.
The support level is around 131. A rebound back to the previous swing level, around 150, is possible.
CFD trade is possible on this.
TGTDeliberately destroying their company ? Yea i know its ESG and DEI and i full support shorting these degenerates into oblivion ! ;) The chart pattern is UBER BEARISH
TGT monthly chart support TGT monthly chart support at 126, it needs to stay above this level, next support is the 200 monthly moving average.
Target boycott is priced in. Target looks priced in here with a nice technical setup in major demand. TD9 printed yesterday, and we've got a nice hammer forming this morning. I could see a test to $140 within days on this stock.
M PatternMs are noted to be bullish as they reverse upward at the end of the 4th leg which may not have been reached yet.
Possible Crab but will see where this bottoms at. Crabs have a 4th leg that ends near the 1.618 and is known as a reversal pattern. A deep pull back is the norm for the 4th leg for the crab. The butterfly ends at the 1.272. This is at the 1.272 but hanging on the line of the 1.272.
This is deeply oversold. It is well below the Bands at this point which is an indicator it is oversold along with RSI.
Sellers do exhaust. There comes a point when you see so many red candles it looks scary sometimes. But eventually the bulk of sellers will be out of the picture and buyers will come in.
The time this sell off takes it related to how many buyers are in this stock. At this point, I would say there were a ton of buyers in the past. They panic and sell. The human soul can only tolerate a certain amount of financial pain. They will fizzle eventually and buyers will come in.
Question being when will this happen?
There are still Rising wedges below price and they are not valid as the bottom lines have not been broken. The lowest being just under 120.
No recommendation.
No recomendation.
TGT$ same move as the 5.02.22, needs to join the bullish trend TGT$ same move as the 5.02.22, needs to join the bullish trend and help the sector to get some green candles.
Target TGT Is it a buy or sell?TGT is presently selling off as a consequence of a social media retail boycott of sorts which
developed after the Bud Lite episode. In the meantime, it had decent earnings despite the
impending or present recession. The volume profiles show previously the highest volume of the
trading range was $ 155 but now it has fallen to $139. So should a trader consider the earnings
and buy this discount or instead pay attention to sentiment and short TGT?
Target priced in goldSome more paradigm shift events unfolding before the ever sleeping crowd.
An almost 50 year rising trend close to breaking down.
#gold #target
Notes:
almost 50 year "paradigm shift" breakdown line
sleep mode line
GOLD BULL ERA
TargetTarget is not simply going down because of current headline news.
Macro tidal waves had capital flows exiting since 2021.
Until that "wake up" line is breached, stay clear.
#target #recession #inflation
Notes.
MASSIVE BEARISH RISING EXPANDING WEDGE
continuation breakdown
"Target" is start of pattern
Target Breaks Down The ChannelTarget became the next Target of Republican-affiliated boycotts.
It is spreading across social media in a similar way Budlight did.
I believe it is worth considering to short now as it is unlikely it will regain previous levels. The situation is developing too fast for anyone to be buying it now.
Keepin Track Of The Boycotted Companies (Or At The Risk Off)I've been watching the situation in the US with interest for the past few years. It seems that the customers are slowly creating parallel economies - one for Democrats and one for Republicans. The people are rich enough so they can afford to choose products from a company that shared their beliefs.
So far it does appear that Republicans are better able to mobilize in order to boycott (Budlight) as well as to protect their own companies/products they like that the Democrats are attempting to boycott (Hogwarts Legacy).
Anyhow, the most recent examples started with Budlight. I shared my analysis and the position I showed is still in the chart. The company is in a struggle to obtain new customers and/or retain the old base and moreover, has just been sued for marketing the beer to children. If their official numbers are precise, the sales of all Anheuser-Busch (BUD) products are down and the Budlight trademark may be dead for good.
This momentum sparked another attempt at Cors who is a direct competitor of Budlight as its March advert went viral and is interpreted by many as an attack against man. But they also benefited from the Budlight boycott. So far I am not sure if there is any measurable impact on their brand, but they did go down along with the rest of the stock market putting my position in profit.
The last targeted brand is ironically called 'Target' (TGT). They published an LGBTQ+ promotion clothes collection for children that haven't even reached puberty yet. This is, of course, raising some eyebrows as to how children that can not drink beer, get a tattoo, drive a car, etc. can possibly make decisions with lifelong consequences. I didn't open any position on Target as I failed to anticipate the scale at which this may grow into. Plus there just wasn't a technical setup.
It is possible this list will grow but so far these are opportunities enough. It isn't immoral to short the market. It is not our fault or decision that the company elected leadership that fails to connect with its customers, yet we may be part of purging this incompetence out of the markets, curing them as a result.
Good luck!
TGT Target Corporation Options Ahead Of EarningsIf you haven`t sold TGT here:
or bought it here:
Now Analyzing the options chain of TGT Target Corporation prior to the earnings report this week,
I would consider purchasing the 160usd strike price Calls with
an expiration date of 2023-5-19,
for a premium of approximately $5.75
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
I Would Avoid Shorting Target Due To TechnicalsTarget is another US company that became politically active and may have triggered many customers in a similar way BudLight did. I would avoid shorting it due to the technical outlook.
The stock consolidated for almost a year now with 158$ being the pivot point. We are below that price now. While I do believe that the downside potential is significant, the stock is not at a premium price. In other words, it is already cheap.
What I am looking for is a good technical setup that would be supported by a potential outrage/boycott. If the price is driven down here, it is the boycott alone with no technical support. 175 must be a minimum price before I would consider shorting.
TGTReports earnings in the morning. Trying June puts (this week's seemed expensive). This thing has gone absolutely no where (-25% day on 5/18/23 closed at $161). Thought the breakdown was going to come last December, but this thing got squeezed along with the rest of the market. If this does report lower after earnings & the trend continues down, looking for $120 then $100.
Earnings Tomorrow BMOCandle of indecision today.
Large rectangular trading range noted with a current diagonal resistance line inside.
2 support lines below bottom trendline of the rectangle.
Analysts appear to be a bit negative about earnings but time will tell.
No recommendation
