Target’s Cycle Reset: A High-Probability Breakout in the MakingTarget CorporationBATS:TGTVasileios_Kairaktidis🧠 What Went Wrong (2021–2023) The 2021 breakout failed due to a combination of fundamental pressures: Demand normalization following the COVID boom Margin compression driven by excess inventory Misallocation of inventory (overexposure to discretionary goods like furniture vs essentials) Heavy discounting to clear stock, significantly impacting profitability At the same time, consumer behavior shifted away from goods toward services, further weakening demand. 👉 The result was a full valuation reset, as the market repriced Target from a temporary high-growth story back to a structurally lower-margin retailer. 📉 Current Setup Following this reset, the stock has returned to its long-term channel and has recently: Bounced decisively from lower support Regained upward momentum Approached the upper boundary of a descending channel 📈 Investment Thesis With analysts forecasting: Improving consumer demand for goods Stabilizing margins A more supportive macro environment 👉 The current setup suggests a potential trend reversal scenario 🎯 Trade Idea From a technical perspective: Target is currently testing descending channel resistance Momentum is building 👉 If a breakout is confirmed and resistance flips into support: We believe Target could present a strong investment opportunity with attractive upside potential. ⚠️ Strategy We are not entering yet. 👉 Our plan: Wait for a confirmed breakout Look for a successful retest of resistance as support Then initiate a position 🏁 Final Note If confirmation occurs, we will: 👉 Add Target to our portfolio 👉 Share an update with our followers We’re not chasing the move, we’re waiting for confirmation. If the structure holds, the opportunity becomes asymmetric. If you enjoyed reading our idea please boost it so we can reach others 🚀🚀🚀