Macy's is ready for a deep dive?
Price is flirting with 200 MA right after touching the massive resistance area of $17. Candle stick patterns are also supporting the down volume on the hourly chart seen in the past few days. Target is $13.75
Note
this ticker has a weird relationship with US10Y! Sometimes it moves along it and sometimes the opposite. Yesterday, it touched the red line and bounced back up, and should go further to test $17. If it passes 17 then the trend is reversed but if not, it should form a double top and hit my target.Order cancelled
Market Maven: Never Miss a Move.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
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.
Market Maven: Never Miss a Move.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
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.