Trading Target $TGT With Integrated Risk Controls
October 03, 2023, 17:30 pm ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TGT
- NONE. Details
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
- Short TGT slightly under 115.10, target n/a, stop loss @ 115.43 Details
The technical summary data is suggesting a short of TGT as it gets near 115.10, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 115.43. 115.10 is the first level of resistance above 107.1, and by rule, any test of resistance is a short signal. In this case, if resistance 115.10 is being tested, so a short signal would exist.
Swing Trading Plans for TGT
- Buy TGT slightly over 107.34, target 115.10, Stop Loss @ 107.03 Details
If 107.34 begins to break higher, the technical summary data tells us to buy TGT just slightly over 107.34, with an upside target of 115.10. The data also tells us to set a stop loss @ 107.03 in case the stock turns against the trade. 107.34 is the first level of resistance above 107.1, and by rule, any break above resistance is a buy signal. In this case, 107.34, 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 107.34, target 103.07, Stop Loss @ 107.65. Details
The technical summary data is suggesting a short of TGT if it tests 107.34 with a downside target of 103.07. We should have a stop loss in place at 107.65 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, 107.34, 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 107.34, target 108.23, Stop Loss @ 107.09 Details
If 107.34 begins to break higher, the technical summary data tells us to buy TGT just slightly over 107.34, with an upside target of 108.23. The data also tells us to set a stop loss @ 107.09 in case the stock turns against the trade. 107.34 is the first level of resistance above 107.1, and by rule, any break above resistance is a buy signal. In this case, 107.34, 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 107.34, target 105.72, Stop Loss @ 107.59. Details
The technical summary data is suggesting a short of TGT if it tests 107.34 with a downside target of 105.72. We should have a stop loss in place at 107.59 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, 107.34, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Target (TGT) available here: TGT.
TGT Ratings for October 03:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
115.10 |
| P2 |
105.72 |
103.07 |
128.61 |
| P3 |
108.23 |
107.34 |
142.27 |
AI Generated Signals for TGT
Blue = Current Price
Red= Resistance
Green = Support
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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.
Fundamental Charts for TGT:
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