TGT forms Bearish Divergence

2021년 10월 30일

Over the past few of weeks TGT has been on a strong uptrend but has slowed on its momentum since being removed from GS buy list. TGT has not been able to pass the $260 resistance level and it has created a bearish divergence, at the top of a strong uptrend. Expecting an early rejection off the $260 resistance level and the start of the bearish trend.

Entry: $254 (with a bounce off $251 and price rejection at resistance)
Price Target: $225
Stop Loss: $256.69

Will use the trend lines in between to take profits