CFD Trading – Sell Target Corp (TGT.NYS) @$242.25. Stop @ $247.80 and Target @ $226.95

Target Corp Stock Code TGT.NYS


Price broke below and closed below the cloud yesterday and the trend has changed from bullish to bearish. Conversion and Base lines had a bearish crossover earlier, hinting of a bearish price trend. Price is also moving along the Conversion line, which is a sign of a strong bearish price movement. Lagging Span is below price of 26 days ago but is above the cloud. MACD is bearish with both its lines below the zero line. We think price is likely to move lower to the next support level at $226.96, which is just above the Fibonacci 38% correction point at $228.93, in the next 2-3 weeks.


$242.25              Sell        

$226.95              Price Target

$247.80              Risk Management Stop

2 weeks              Trade Duration

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