TGT (target) Chart Analysis for 081206

The weekly chart shows support at the $44.67 to $46 level. Long TGT with targets -- $50.50, $52.34, $54.15 to possibly $56.73 or so. Note: needs to clear $50.00 first before more upside is possible. At the $50.00 level, we have a LIS where "old support becomes new resistance. This would be a key level to watch.


Target found support for now off the prior LIS (line in the sand) and visual s/r at the $46.35 range. It looks like it wants to retrace the move down, to re-test the high at $60.00