$TGT has managed to hold support on the 200 Day MA and above the 0.5 Fib at $142 and has bounced since.
I am watching now to see if this is Wave 2 complete.
Usually we wait for the 0.618 Fib to test but with the 200 Day MA cutting in between the 0.5 is enough for a Wave 2 to end.
I would wait for a break and hold above the 50 Day MA before considering a position but a DCA strategy here and just a starter position would be acceptable here too.