Since first highlighting Target as a long-term play in this blog post in February of this year, the stock continues to hold and reinforce its major monthly symmetrical triangle breakout.
As you can see, below, on the updated monthly timeframe, price has largely been bull flagging during this broad market correction–Exactly what you want to see after a major breakout, a mild consolidation/digestion rather than a violent giveback.
The next trigger for another leg higher appears to be a strong move through $65.
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