Target $TGT has been in a consolidation, price-bottom mode since March. We recently observed that it is struggling to break above 60 and was testing the resolve of the market in respecting a price bottom. This week, price action is suggesting that TGT will be able to break above 60.Target (TGT) Daily Chart(click to enlarge)Inverted Head and Shoulder:- The daily chart shows that TGT has completed an inverted head and shoulders pattern, and price has even cracked above the neckline.- But we saw price retreat and test a rising support as well as the 56.00 support pivot. - Meanwhile the RSI dropped to 40. - The fact that price held above the trendline, above 56, and the RSI above 40, is a sign that bulls are in control.- Therefore, I would anticipate a break above 60, with a short-term target to 66 and 70.