Learn to Evaluate Target ($TGT) using the Charts

March 05, 2023, 02:30 am ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for TGT

• Buy TGT slightly over 143.26 target 171.14 stop loss @ 142.85 Details

The technical summary data tells us to buy TGT near 143.26 with an upside target of 171.14. This data also tells us to set a stop loss @ 142.85 to protect against excessive loss in case the stock begins to move against the trade. 143.26 is the first level of support below 166 , and by rule, any test of support is a buy signal. In this case, support 143.26 is being tested, a buy signal would exist.

• Short TGT slightly under 171.14, target 143.26, stop loss @ 171.63 Details

The technical summary data is suggesting a short of TGT as it gets near 171.14 with a downside target of 143.26. We should have a stop loss in place at 171.63though. 171.14 is the first level of resistance above 166, and by rule, any test of resistance is a short signal. In this case, if resistance 171.14 is being tested, a short signal would exist.

Swing Trading Plans for TGT

• Buy TGT slightly over 167.86, target 171.14, Stop Loss @ 167.38 Details

If 167.86 begins to break higher, the technical summary data tells us to buy TGT just slightly over 167.86, with an upside target of 171.14. The data also tells us to set a stop loss @ 167.38 in case the stock turns against the trade. 167.86 is the first level of resistance above 166, and by rule, any break above resistance is a buy signal. In this case, 167.86, 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 167.86, target 160.56, Stop Loss @ 168.34. Details

The technical summary data is suggesting a short of TGT if it tests 167.86 with a downside target of 160.56. We should have a stop loss in place at 168.34 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, 167.86, 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 167.86, target 168.85, Stop Loss @ 167.47 Details

If 167.86 begins to break higher, the technical summary data tells us to buy TGT just slightly over 167.86, with an upside target of 168.85. The data also tells us to set a stop loss @ 167.47 in case the stock turns against the trade. 167.86 is the first level of resistance above 166, and by rule, any break above resistance is a buy signal. In this case, 167.86, 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 167.86, target 162.61, Stop Loss @ 168.25. Details

The technical summary data is suggesting a short of TGT if it tests 167.86 with a downside target of 162.61. We should have a stop loss in place at 168.25 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, 167.86, 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 March 05:

Term →	Near	Mid	Long
Rating	Weak	Strong	Weak
P1	0	0	116.40
P2	162.61	160.56	143.26
P3	168.85	167.86	171.14

AI Generated Signals for TGT

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Target (NYSE: TGT) report below can help you understand how to do this. The trading plans for TGT, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.