This candle on daily has a long top wick/shadow so far today. Weekly candle is a red Marubozu with a shaven open and a shaven close. A marubozu candlestick is a either bullish or bearish candlestick. They are larger candles and don't have any upper wicks or lower shadows. They are typically green on charts when bullish and red on charts when they are bearish.
Sometimes the gap down candle can be an indicator of whether price will continue falling. A gap down (a falling window) is usually bearish in itself without bad candles.
Head and shoulders top with a sloping neckline. The last leg up did not beat the high.
No recommendation.
It seems the whole consumer staples sector is suffering with this one. WMT's earnings miss did not help. It is often best not to attempt to catch a falling knife as they can cut you. )o:
Laura, what do you think about TGT hitting 150 tomorrow?
lauralea
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@Zhenka777, Perhaps even if briefly. Or it could do like WMT and drop a ton more tomorrow. Only a guess. Not everyone finished selling as there a lot of buyers over the years in this one. Some folks who are long term investors may not yet know TGT plummeted today. I think enough folks may notice when they chill for the day that it may touch 150 tomorrow. Eventually this should go much lower than 150 due to old rising wedges in the chart that are not valid yet as bottom line has not been broken. Panic selling is most likely not over. Nothing is for certain though except death and paying taxes (o: