The difference in the stocks of WMT and TGT is pretty amazing.
When we take a look at the ratio of WMT/TGT we can see a parabolic lift off in WMT versus TGT. Frankly, WMT has crushed TGT in the recent past.
Take a look at the ratio – big target for the ratio. Will that signify some relief for TGT and, potentially, some rotation out of WMT?
Some NICE targets across the board in which to see if this plays out.
Note the measured moves … perhaps the dashed red line will lead us right into that confluence zone for a BUY?
Using the technique of finding three lines on a plane to draw an arc I was very surprised that the 4.236 price projection (1.618^3) falls right on the gravity center. NO I did not do that on purpose … I’ve also done a 1.27 extension from the all time high and, last, take a look at the measured moves. Certainly looks like a strong target for WMT.
Here’s the arc and squares created from the gravity center:
