Potential gain:40% Reward/Risk:4 Timeframe: 3-6 months I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to...
I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to continue this. Stay tuned great live stream and quality...
I am Shorting MACY's into the earnings via PUTS for mid March. Overall brick and mortar retail has NOT comeback yet and NYC is a ghost town. Macy's is the next JC Penny's, they are not there yet but are due for a pull back. Momentum and Volume have been no where in sight over the last week for this stock and its sitting at a 1 year high.. I am no genius but I...
Cup and handle pattern on 1H chart. We have a strong resistance lvl on 17.16$ so I think we will test it in few days. It's will be 10% gain.
Hi guys, i have another interesting trade on NYSE:M .Its in pretty strong trend in daily and weekly timeframe too. Its testing weekly demand zone after correction last week. 14.17 - 15.30 its nice entry point to catch continuation of this strong uptrend. My target is near 0.786 fibbo level, there is strong supply zone in weekly timeframe. Here is my...
From technical point of view I wouldn't recommend to buy Macy's now, or at least if you have it put a TP to 20-21 , haven't read about their fundamentals though. Then there is a big chance it can continue its downtrend. Macy's was fallen even before the coronavirus.
Macys inc. is in an ABC corrective structure which can be a complete structure or make progress to form a wxyxy structure. All these possibilities are bearish. As it develops I will keep you updated. Criticize or ask any questions in the comment section. Thank you for your support.
MACYS is being attacked from two sides. It has been depending on commerical real estate sales while its profitability has diminished due to consumers moving to online sales. Now in a potentially depressed post covid 19 commercial real estate collapse and competition from well established online retailers, Macy's is looking more and more like a dinosaur of a...
My fantasy. Macy's stocks rose to 130 by 2027, E wave in expanding triangle ABCDE.