I’m looking at TGT 0.00%↑ here, showing some low risk entry points for a trade ahead of earnings 8/16.
First up - break of the AVWAP from the 6/15 gap up. Momentum from here?
Second - I’m a sucker for a 5/20 cross on a name that’s been battered, as it provides an entry point with limited downside (closing the trade if it fails below the moving averages)
Last - the zoom out. The stock hasn’t gotten oversold on the weekly in either of the recent breakdowns. It’s hovering around a price point of interest.