TGT has been on a bull run the past few weeks and it currently trading at ATH. Price just broke ascending triangle, gapped up and now is on a bull flag setup.
1. Price trading at ATH and now forming a bull flag.
2. Caution; Red candle on the 1hr chart with big red volume. Price might do a quick retest on 207-206 area for the next move up. However, on a longer term, daily candle shows big green candle with a bigger than last green volume. (bullish, mid term)
3. RSI on Daily and Hourly time frame is around the 70 level. (near overbought)
Scenario:
1. Breakout play; entry zone just above 209.59 resistance level.
2. Pullback play; entry once price gets rejected from the 206-207 resistance area.
Target1; 215.80 area with rejection candle
Target2: 219.63 with trend continuation.
1. Price trading at ATH and now forming a bull flag.
2. Caution; Red candle on the 1hr chart with big red volume. Price might do a quick retest on 207-206 area for the next move up. However, on a longer term, daily candle shows big green candle with a bigger than last green volume. (bullish, mid term)
3. RSI on Daily and Hourly time frame is around the 70 level. (near overbought)
Scenario:
1. Breakout play; entry zone just above 209.59 resistance level.
2. Pullback play; entry once price gets rejected from the 206-207 resistance area.
Target1; 215.80 area with rejection candle
Target2: 219.63 with trend continuation.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.