Target Inc. (TGT) entered 2017 bearish, but has turned sideways since March. Although there was another dip in June, it can be assessed as part of a larger price bottom structure as we will see below on the daily chart.Target (TGT) Daily Chart(click to enlarge)Price Bottom:- The chart above shows a completed inverted head and shoulders.- Price has even cracked the neckline, but still faces resistance, which is reinforced by the 200-day simple moving average (SMA).- While, we might see some stalling or even bearish action in the short-term, the overall structure still looks like a possible price bottom.Bullish vs. Bearish Scenario:- If price holds above 56, we should still anticipate a break above the neckline. In this scenario, there is upside to the 65-66 area. - We should probably cap any bullihs expectation to 70 for now. - If price closes below 56 however, there is downside to 52 and then low around 50. If this is the case, we might see continuation of the prevailing downtrend since 2015 when price cracked 85.