Target (TGT) is approaching its low on the year again. This stock has been bullish heading into 2015. After a high of 85.80, price retreated in June and tagged 72 in August before bouncing back to 80. In October, price failed to push above 80, and is now falling back towards 72 again.Target (TGT) Daily Chart 10/26 (click to enlarge)The 72.00 handle is a critical support, and some traders might still scalp this for at least some intra-session gain. I wouldn't be surprised to see some near-term, short-term bounce off of 72, but given the bearish weekly candles lately, I would not be confident of any rally outside of the very short-term. Now, if price does fall below 72, it would reflect a bearish correction that began in June. We can consider a buy around 66-68, especially if the weekly RSI is around 20, and more so if there is a bullish divergence. This area would involve a rising trendline, the 200-week SMA, and the 61.8% Fibonacci retracement of the 2014-2015 rally. Since we are looking at the weekly chart for the trade set up, we need to have some patience because the scenario described above can take months to develop. I will come back to TGT when either 72 has established itself as support again, or when price has breached the support and is heading towards 66-68.