Nov. 14 at 11:39 PM
$TGT is currently trading at
$89.9, below its 30-day moving average (MA30) of
$91.43 and 50-day moving average (MA50) of
$90.51, indicating bearish momentum. The RSI of 28.53 suggests that the stock is oversold, which may lead to a potential bounce. However, the 60-day high of
$101.34 and low of
$85.36 show a significant range, indicating volatility.
Given the current market context, a cautious bullish bias can be considered if the price approaches the lower end of the range. Suggested entry is at
$88.50, just above the 60D low, to capture any potential reversal. Set a stop loss at
$85.00 to manage risk. Target 1 is
$91.00, aligning with MA30, and Target 2 is
$93.00, slightly below MA50.
Monitor the RSI for signs of recovery and adjust the plan accordingly.
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