$TGT
Added 2024-10-31 11:42:01 +0000 UTC$TGT is still not giving us a reason to add to our position right now.
Price has dropped below the triangle, which is also below the 50, 150 and 200 Day MA.
It is still holding above the 0.618 Fib at $145, so this is an important support line to hold
They will not be reporting their earnings until the 20th of Nov, so this is a long time to wait and hold support until they get a potential catalyst.
I will not add unless I see the 200 Day MA recaptured.
Overall the structure doesn't concern me....if a lower low was made below $133, then we have a breakdown.
Comments
Just crazy weakness after earnings. Maybe still consolidation before the move.
Trading Chairman
2024-10-31 11:45:54 +0000 UTC
