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$TGT and $WMT Stocks Analysis & Outlook

This week we will be be looking at two of the retailing giants Wal-Mart
$WMT and Target $TGT for our weekly stock swing trading forecast.

On Target $TGT this week, We are looking for price to rise up to the daily supply zone at 56.10 up to 56.97. Along the way there will be some speed bumps but things should move good up to the daily supply zone. Overall the trend on this market is down and price is ranging around on this market. Even though price is going up don’t get too excited just yet because nothing says price is in an uptrend right now. If you can short this market at the daily supply zone I would. However we have to wait for price action to confirm this movement before jumping into any trade.

On Wal-Mart $WMT today, Price is retesting the highs at 79.30 to see if they will hold. Overall on this market, price is in an uptrend. We are about to see how strong this uptrend is as this is the first test of a new pivot high that price as put in since the high at $75 was broken back on May 10th. Be on the lookout for price to push back down to $75 daily demand zone from 75.40 down to 74.40. This daily zone would be a good place to buy if price allows. The real question for this market is will price break through the high at $79.43 or will it fail. If it fails then look to buy at the daily demand zone. If it breaks then wait for the retest of $79.43 to buy it.

Watch the Full, Multi-Timeframe, Analysis Video for these two Stocks HERE >>>