In the last few weeks TGT has been trading sideways, tightening into a ‘Bermuda Triangle’.
Zooming in to the last couple of weeks – and mainly last week – TGT put on display a strong move up through its best respected moving average resistance lines: the 40-week SMA and 43-week SMA, which registered in May 2022:
If you trade this move, keep an eye on the price action and its behavior around the ex-resistance lines.