Last time, we looked at $TGT and noted that it found resistance where we anticipated (63), and was heading to a channel support area. We noted support around 58, but TGT found buyers around 58.60 and is climbing back up. Target (TGT) Daily Chart(click to enlarge)Support and Scenarios:- I think even if price comes down a little more, the bullish outlook is still valid.- A break below 56 on the other hand would tell us the market is in a bearish continuation, and might extend the downtrend since 2015.- Otherwise, there is upside towards 66.- The weekly chart shows the prevailing downtrend.- It also shows that a bullish outlook towards 66 is still within this bearish mode. Target (TGT) Weekly Chart(click to enlarge)