Market-Technicals

Financial Market Analysis

By Shawn R. Carpenter

Tuesday, February 07, 2006
  Target Corporation
Target Corporation could possibly break out one way or the other soon. Bollinger Bands are tightening. This classic pattern suggests that there will be a major move, either to the upside or downside. Volatility has dried up and the price has been stuck in a small trading range as of lately. Time will only tell when it breaks. Major support levels are 53.70 and 47.40. Resistance levels are 58.90, 59.29, and 60.

  9:50:00 PM
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Why Market-Technicals?

Market-Technicals is a Financial Market Trend and Research blog. Mainly utilizing technical analysis, the research composed is designed to capture market timing techniques, understanding how economic and political forces shape the market, and give speculation as to where the financial market is headed. Encompasing equities, index, sector, ETFs, commodities, and bonds; the expectations are to shed some light as to what "smart money" is thinking.
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