As of March 26, 2026, TGT (Target Corporation) is in a bottoming attempt state on the monthly chart, with a confidence level of 66%. Key support is at $106 and key resistance at $129. Monthly rebound off the ~$90–$100 base; price ~$116.37 is trying to reclaim the lower long-term averages while still under the declining medium-term MAs.
Base continues and price grinds higher, reclaiming EMA100 then testing the EMA50/SMA100 cluster; fits an Elliott Wave ABC-down completed with an early Wave 1 up (or Wave C bottom) now working through a Wave 2/accumulation then Wave 3/impulse if reclaim holds.
Rejection at EMA100/EMA50 zone and roll-over back into the base; could be a larger corrective Wave 2 failing, leading to another leg down (Wave 3 down) toward the prior swing-low area.
2+ monthly closes above ~$126 (EMA100/cyan ~$126.76 area) would confirm a reversal attempt
Monthly close back below ~$99 (SMA200/yellow ~$98.98) would invalidate the base/reversal thesis
Start near EMA200/SR flip (~$106–$114), add on deeper pullback into SMA200 (~$99–$106), heavy add only on retest/undercut of the base lows (~$90–$99).
Trim into the first major MA supply (SMA100/SMA50/EMA50 cluster ~$136–$139), heavier trims into prior breakdown zone (~$150–$165), and consider full exit into the bigger prior distribution/swing-high region (~$175–$195).
As of March 26, 2026, TGT (Target Corporation) is in a bottoming attempt state on the monthly chart with 66% confidence. Monthly rebound off the ~$90–$100 base; price ~$116.37 is trying to reclaim the lower long-term averages while still under the declining medium-term MAs.
On the monthly timeframe, TGT has key support at $106 and key resistance at $129. The most likely scenario (bullish) targets $127 and $136, with a revert level at $113.
TGT (Target Corporation) is currently classified as bottoming attempt on the monthly chart, with 66% confidence. Confirmation requires: 2+ monthly closes above ~$126 (EMA100/cyan ~$126.76 area) would confirm a reversal attempt This would be invalidated by: Monthly close back below ~$99 (SMA200/yellow ~$98.98) would invalidate the base/reversal thesis
The most likely scenario (bullish) targets $127 and $136, with a revert level at $113. The alternative scenario (bearish) targets $106 and $99.0.
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