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Trading Target $TGT With Integrated Risk Controls

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Target (NYSE: TGT) report below can help you, but we have more details too. The trading plans for TGT, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for TGT
  • Buy TGT slightly over 144.05 target 171.72 stop loss @ 143.63 Details
  • The technical summary data tells us to buy TGT near 144.05 with an upside target of 171.72. This data also tells us to set a stop loss @ 143.63 to protect against excessive loss in case the stock begins to move against the trade. 144.05 is the first level of support below 170.351 , and by rule, any test of support is a buy signal. In this case, support 144.05 is being tested, a buy signal would exist.

  • Short TGT slightly under 171.72, target 144.05, stop loss @ 172.22 Details
  • The technical summary data is suggesting a short of TGT as it gets near 171.72 with a downside target of 144.05. We should have a stop loss in place at 172.22though. 171.72 is the first level of resistance above 170.351, and by rule, any test of resistance is a short signal. In this case, if resistance 171.72 is being tested, a short signal would exist.

Swing Trading Plans for TGT
  • Buy TGT slightly over 171.72, target n/a, Stop Loss @ 171.22 Details
  • If 171.72 begins to break higher, the technical summary data tells us to buy TGT just slightly over 171.72, with an upside target of n/a. The data also tells us to set a stop loss @ 171.22 in case the stock turns against the trade. 171.72 is the first level of resistance above 170.351, and by rule, any break above resistance is a buy signal. In this case, 171.72, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short TGT slightly near 171.72, target 169.06, Stop Loss @ 172.22. Details
  • The technical summary data is suggesting a short of TGT if it tests 171.72 with a downside target of 169.06. We should have a stop loss in place at 172.22 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 171.72, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for TGT
  • Buy TGT slightly over 171.72, target n/a, Stop Loss @ 171.32 Details
  • If 171.72 begins to break higher, the technical summary data tells us to buy TGT just slightly over 171.72, with an upside target of n/a. The data also tells us to set a stop loss @ 171.32 in case the stock turns against the trade. 171.72 is the first level of resistance above 170.351, and by rule, any break above resistance is a buy signal. In this case, 171.72, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short TGT slightly near 171.72, target 169.06, Stop Loss @ 172.12. Details
  • The technical summary data is suggesting a short of TGT if it tests 171.72 with a downside target of 169.06. We should have a stop loss in place at 172.12 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 171.72, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

TGT Ratings for February 28:

Term →Near Mid Long
Rating Weak Strong Weak
P1 0 0 117.28
P2 161.41 162.81 144.05
P3 167.01 169.06 171.72
Triggers may have already come
Support and Resistance Plot Chart for TGT

TGT Long Term Analysis for February 28 2023

Blue = Current Price
Red= Resistance
Green = Support

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