Target Corporation
Panjang

TGT: Breakout From a 6-Month Base โ€” Structure, Momentum

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This TGT setup is a great example of how structure + signal alignment can give traders a clean, high-probability play without chasing hype.

๐Ÿ” Breakdown: Why This Setup Matters

6-Month Base Breakout
Target spent half the year building a rounded base just below the Ichimoku cloud. The breakout above $100 is more than a number โ€” itโ€™s a psychological + structural shift. Buyers are finally in control.

Ichimoku Confirmation
Price cleared the cloud with a bullish TK cross weeks ago. Now, weโ€™ve broken R1 pivot resistance and are sitting cleanly above the cloud. The trend is now officially flipped.

MACD Momentum
The MACD has been rising steadily, supporting the move. Green bars are growing in strength โ€” no divergence or fade.

Risk/Reward
Entry: $102.43
Target: $127.07 (+23.31%)
Stop: $94.09 (โ€“8.14%)
R/R: 2.87 โ€” not extreme, but solid and realistic

Penafian

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