Target Hits a Wall of Resistance

Target (TGT) surged to resistance in the 51.5-52 area for the third time in five weeks and formed a long black candlestick. A black (filled) candlestick means the close or current price is below the open. This means TGT opened at 51.74 on Thursday and moved lower after this open. Notice that this is the third black candlestick and resistance extends to the May high.

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