Target has been bearish in 2017, but has been in a rising channel since find a support just below 50 in June. Last week, we saw TGT find support a previous resistance. However, price continued lower this week and tested a rising channel support.TGT Daily Chart(click to enlarge)Channel Support:- After the 11/9 session, we can see that price bounced off the channel support.- Note that price also respected the 200- and 100-day simple moving averages.- Also, the candle is a large bullish engulfing candle.- Furthermore, the RSI held above 40, reflecting maintenance of the prevailing bullish momentum. - These are basically signs of status quo, a bullish yet choppy trend. - I think there is upside towards 63-64, with a potential of a new high around 66, which is a previous common support in 2016.