Trading Target $TGT With Integrated Risk Controls
May 01, 2023, 23:30 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TGT
- Buy TGT slightly over 143.32 target 170.76 stop loss @ 142.91 Details
The technical summary data tells us to buy TGT near 143.32 with an upside target of 170.76. This data also tells us to set a stop loss @ 142.91 to protect against excessive loss in case the stock begins to move against the trade. 143.32 is the first level of support below 157.12 , and by rule, any test of support is a buy signal. In this case, support 143.32 is being tested, a buy signal would exist.
- Short TGT slightly under 170.76, target 143.32, stop loss @ 171.25 Details
The technical summary data is suggesting a short of TGT as it gets near 170.76 with a downside target of 143.32. We should have a stop loss in place at 171.25though. 170.76 is the first level of resistance above 157.12, and by rule, any test of resistance is a short signal. In this case, if resistance 170.76 is being tested, a short signal would exist.
Swing Trading Plans for TGT
- Buy TGT slightly over 159.34, target 170.76, Stop Loss @ 158.88 Details
If 159.34 begins to break higher, the technical summary data tells us to buy TGT just slightly over 159.34, with an upside target of 170.76. The data also tells us to set a stop loss @ 158.88 in case the stock turns against the trade. 159.34 is the first level of resistance above 157.12, and by rule, any break above resistance is a buy signal. In this case, 159.34, 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 159.34, target 155.25, Stop Loss @ 159.8. Details
The technical summary data is suggesting a short of TGT if it tests 159.34 with a downside target of 155.25. We should have a stop loss in place at 159.8 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, 159.34, 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 157.68, target 159.34, Stop Loss @ 157.31 Details
If 157.68 begins to break higher, the technical summary data tells us to buy TGT just slightly over 157.68, with an upside target of 159.34. The data also tells us to set a stop loss @ 157.31 in case the stock turns against the trade. 157.68 is the first level of resistance above 157.12, and by rule, any break above resistance is a buy signal. In this case, 157.68, 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 157.68, target 155.25, Stop Loss @ 158.05. Details
The technical summary data is suggesting a short of TGT if it tests 157.68 with a downside target of 155.25. We should have a stop loss in place at 158.05 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, 157.68, 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 May 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Weak |
| P1 |
0 |
0 |
116.81 |
| P2 |
153.96 |
155.25 |
143.32 |
| P3 |
157.68 |
159.34 |
170.76 |
AI Generated Signals for TGT
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for TGT:
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