$TGT - EARNINGS JUST OUT -
Added 2024-11-20 12:47:54 +0000 UTCEarnings were abysmal, a double miss and lower guidance, the holy trinity of terrible reports.
Price is down -18% in the PM now to reflect this too.
I waited 4-5 months for the set up to add my second buy and we needed to see a hold above $157 to add and this is exactly where the price was leading into earnings yesterday
They needed a beat but did the opposite, so this is not in impulse wave now and the corrective wave continues.
The 0.618 and 0.78 Fibs have not changed and the $133 level is already lost, next test is the $119 level on the 0.78 Fib
I would not be in any rush here to add until I see strength again and this may take until the next earnings.
Comments
Reminds me of the AMD chart months back man
THESTOCKS
2024-11-21 03:07:35 +0000 UTCHow did you miss this not being a wave B before earnings???
THESTOCKS
2024-11-21 03:07:22 +0000 UTCAnd how about sell?
Kevin
2024-11-20 16:47:46 +0000 UTCWhat does this say about the economy....
Dipen Patel
2024-11-20 13:34:04 +0000 UTCWtf. I can’t catch a break. Every wave 2 going into wave 3 continues to sink for me. going back to last year
Brian
2024-11-20 13:25:27 +0000 UTCI will reassess when support is found, will also need to review the new fundamentals too, zero rush needed here to add again
Gareth Neary
2024-11-20 13:04:44 +0000 UTCyou wanted to see a hold above $157, will you want to see support/strength and confirmation at $133 before adding? Or staying with $157 as your add point even with todays downfall?
Daniel
2024-11-20 12:52:27 +0000 UTC
