TGT has respected the purple channel for the past 25yrs.You'll notice it also dipped below the channel twice but got up within the next 12 months. If we get that dip this time around I think it goes to $75 and is a max bid scenario. Otherwise, buys on the bottom range of the channel (bottom purple line) are good as well.Long term trade idea that may take a while to play out!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.