Following the earnings rally Target stock
TGT
has pulled back to a 50% Retracement and also triggered a Spike Alert which can define the risk on this pullback. I like the trade to play back up to the post-earnings high and beyond for a long term position.
Trade active:
TGT hit the 3 to 1 target before the close today. Will look to adjust into a long term position tomorrow.
TGT hit the 3 to 1 target before the close today. Will look to adjust into a long term position tomorrow.
Trade closed: target reached:
5.61 to 1 reached at a major Resistance, plus a morning bearish spike, time to take profits.
5.61 to 1 reached at a major Resistance, plus a morning bearish spike, time to take profits.
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Discord Trading Community: discord.gg/eDfhKvS5AC
Youtube: www.youtube.com/c/NoroksNotepad
Twitter: twitter.com/noroktrade