Target returns lower - Analysis - 30-03-2023

Economies.com
2023-03-30 12:50PM UTC

Target Corporation's stock (TGT) returned lower in the intraday levels while trading alongside the downward short-term trend line, with negative pressure from the 50-day SMA, marking a loss of 1.04% in the last  session, or 1.66 points, and settling at 158.11, countered by positive signals from the RSI.

 

Therefore we expect more losses for the stock, targeting the first support at 152.68, provided the resistance of 161.87 holds on.

 

Expected trend for today: Bearish

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