Things went a little messy from $TGT last week but it was certainly not alone, impulse wave has been updated but there has been no breakdown with the structure as the 200 Day MA has come to the rescue here again, as it did in June and July.
Price needs to hold at this 200 Day MA confluence level with the 0.618 Fib at $145
The invalidation level with be going under the June low at $139.
Fundamentals support $TGT being undervalued but it needs to break away from the 50 and 200 Day MA soon to get out of the risk areas.