Target prepares to pierce ascending correctional price channel's support - Analysis - 06-12-2022

Target's stock (TGT) skidded in the intraday levels, trespassing the support of the 50-day SMA, amid negative signals from the RSI, while exposed to negative pressure, leaning thereafter on the support of the ascending price channel's support, which limited recent trading. 

Therefore we expect more losses for the stock, targeting the pivotal support of 137.16, provided the resistance of 167.20 holds on.

Expected trend for today: Bearish