28.01.2016 - The price of Target Corp. can resume the decline

Price of Target Corp. corrected strongly after a significant fall within which has broken through the support level at 68.00. At the moment, quotes are around the level 71.50 and after overcoming it may continue to rise to the upper limit of the downward channel. The signal of changing the negative trend will be fixation above 74.00. In this case, the growth will continue until 77.30 and 80.00. More likely is the resumption of decline with the first targets at 68.00, 66.00 and 65.00. We expect a continuation of the negative dynamics of prices in the near future.

Target Corp Graph

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