$TGT has climbed above horizontal resistance from May’s gap lower.
As price has formed a basing pattern over the last few months we saw GoNoGo Oscillator rally to the zero line and then break above it. After breaking out of a GoNoGo Squeeze into positive territory it has found support above that level. As the “Go” trend developed it found some difficulty with the resistance at the lower bound of the gap but has managed to get above it. Look for price to attempt to fill the gap.
