Thread by @malteseinvest

Analysis: #NYSE $TGT

Case 297 #Target Corporation.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#TGT 1/4

Chart 1
Monthly Chart: Following the all time high of 130.24 a sudden reversal ensued running into a multiple #support zone of $5 comprising of broken #trendline #resistance turned support, the 2018 high, SMA 50 with Fib. 0.382 marginally lower at 90.04. The .....

TGT 2/4

..... reaction has been good and the Feb - Mar 2020 losses have been reclaimed. Price needs to close above 139.23 to target 153.10 then the main objective 171.55. Strong support lies at the #confluence of the #SMA 50 and #Fib. 0.5 at 78.62 and 77.62 respectively.

TGT 3/4

Chart 2
Daily Chart: Trendline support at 116.68 with SMA 20 at 115.60 - watch for a break below 113.36.

The #Strategy is printed on the image.

$TGT 4/4