Macy's tapped the midpoint. A return to $15.14 would setup a reliable auto-buy for round two. Sell 2 lots at the mid-point again.
The perfect mid-point hit and retreat sets up a good short at $16.71 if it gets there.
The perfect mid-point hit and retreat sets up a good short at $16.71 if it gets there.
Note
Great reentry at 15.14 and out of 1/2 at 15.67. We've erased any risk and hold 2 lots risk free for further gains.Trade closed: target reached
Took until July 11th but you could've reentered two additional times to double down.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.