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Target

TGT | SHORTNYSE:TGT Technical Analysis of Target Corporation (TGT) Key Observations: Current Price Action: Price: $139.17 Recent Drop: -7.85 (-5.34%) Support and Resistance Levels: Immediate Support: $137.16 (Bearish Line) Further Supports: $128.21 (Target Price 1), and $111.08 (Target Price 2) Resistance: The price recently broke below a support level at around $141.23. Trendlines: The price has broken below a key upward trendline, indicating a potential shift from a bullish to a bearish trend. Relative Strength Index (RSI): Current RSI: 44.09 The RSI shows a decline, approaching the oversold zone, indicating increasing selling pressure. Target Prices: Target Price 1: $128.21 This level is the immediate support and a potential first target for any continued downward movement. Target Price 2: $111.08 If the price breaks below the immediate support, the next target is around $111.08, a significant support level. Summary: Target Corporation (TGT) has experienced a significant drop, breaking below a key support level and its upward trendline. The next levels to watch are $137.16, $128.21, and $111.08. The RSI indicates potential for further declines if market conditions remain negative.
NYSE:TGTShort
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