Finding the next Target
Trading Retrospectives: A Lesson from Target ($TGT) Trading Retrospectives: A Lesson from Target ($TGT) It was roughly five years ago when Target hit a multi-year low following a wave of public controversy and inventory challenges. The setup was a classic value play—a fundamentally sound company oversold on temporary bad news, bound for an eventual rebound that would push it back toward a 52-week high. Looking back at how that turnaround played out, we can analyze the structural high-velocity moves that took place, how to write technical formulas to systematically catch similar setups, and how to execute the trade with a Zero Lag Exponential Moving Average (ZLEMA) and an ATR trailing stop loss. Part 1: The High-Velocity Acceleration Legs Target's rebound from its bottom in the $88 region up to its 52-week highs near $160 produced several distinct momentum windows: 1. Nov 2023 – April 2024: The Multi-Month Rebound (~75% Move) Price Action: Launched from ~...