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MACY trade ideas

Macy's Option Trade TAI noticed Macys( NYSE:M ) was way oversold and was overdue for a run at least to 12. This is my documentation for charting this play. I purchased Oct 12, 2023 $12 call. Sold for ~25% profit. I should have sold the call on Tuesday or Wednesday cause I hit my 20% profit quickly but I was being greedy. Having faith in conviction is one thing but to be a successful trader you need a trade plan and to follow it. Faith gets you posting loss porn on r/WallStreetBets. I have learned to be happy with this cause being greedy has cost me way more money. Note: The TA was done and tracked on the 5 minute chart but you need to have a time frame of at least 15 minutes when you publish ideas. That is why you see some funny UI glitches.
NLong
by HotsauceShoTYME
2
Macys ( M ) Pre-earnings LongAs can be seen on the 2H chart, Macy's last earnings on June 5th was afavorble beat resulting in first an uptrend and then a sideways price movement for a month and a half. Earnings are expected on 8/22/23. Price has had dynamic support at the mean VWAP anchored in April while the dynamic resistance has been two standard deviations above that represented by the thin red line. Price is currently midway between resistance and support. Additional support is the POC line ( with the highest trading volumes ) of the volume profile beginning at the prior earnings date. Overall I see this as an opportunity to take an options trade with an expiration a couple of weeks after expected earnings to strike the thin red line of dynamic resistance at 17 expiring September 1st. Depending on price action in the days leading up to earnings I may take off half the contracts if they are in decent profit while letting the other half run through the post earnings period figuring that M could repeat and jump after earnings.
NLong
by AwesomeAvani
MACY Stock Chart Fibonacci Analysis 072423 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 16/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : A A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
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by fibonacci6180
$M Long Swing Opportunity with Big Price TargetsNYSE:M is in a downtrend channel but I think there is a long opportunity as long as it holds the 15.9 level with targets of 19 and 22.65 -Falling Wedge breakout and retest wedge-line as support -Bottom of channel bounce with strong green candles -Buying volume vastly outweighs selling volume from trend -RSI showing momentum with plenty of room to run Good idea to wait for a confirmation hold above 16 old support for entry
NLong
by andrewpgleason15
1
Macy's (M) Defined Outcome Options StrategyM Consumer spending is the chief concern for retailers, but the market is mixed. Home Depot (HD) and Walmart (WMT) are continuing to post gains while Target (TGT) slides due to inventory surplus on clothing and high-ticket items. Macy’s hasn’t missed a beat since the 2020 lows, recovering more than 30% of its previous share price. We don’t know where the price will be early next year but using custom options strategies, we can define an outcome that has downside protection with upside up to 25% with a gain multiplier of 1.4x on the way up. Defined Outcome : Make up to 25.1% ( 46.7% annualized ), M can fall 24% before you start to lose. Buy 1 $21 call Sell 1 $24 call Sell 1 $16 put Exp 3/17/23 Pros • Beat earnings consensus estimates for last 11 quarters • Price above the monthly 20 period moving average after back to school and going into holiday season • Starting to open Toys “R” Us shops in flagship locations Cons • Inflation concerns for spending • Most analysts are giving it a hold rating
NLong
by oliveinvest
1
Traders gaining momentum: Summer edition!Hey everyone! 👋 Grab your beverage of choice: it's time to sit back, relax, and take a look at some of the hottest up and coming authors on TradingView. All of these folks deserve a follow, so be sure to show them some love! ❤️❤️ If you think we’re missing someone, be sure to make it known below in the comments. Also, we’ll be doing these roundups from time to time so follow us so you don’t miss any of them! Let’s jump in. We’ve sorted each Author by the asset class they focus on. Click on their profile, and see if you like the ideas they're putting out! Multi-Asset: tradingswift Iheartmarkets Breakout_Charts danalec SPY_Master m3ggriff holeyprofit the_sunship AxeCapp vumaikhanh1991 Stocks & Indices: SaeedSajedi TheOracleOfDelphi Decam9 nexxtrade Frog-Algo Michigandolf Leveraging_P Test_Monkey EQTSHARES Commodities: Paul_Wankmueller mtb1980 inspirante JimHuangChicago konhow TakeProfitTrader Crypto: ModTrades BlockwareSolutions Currencies: jsaettele And there you have it! Our roundup. As we mentioned before, don’t forget to follow TradingView for regular educational content :) Think we missed any up-and-coming accounts? Point them out in the comments! Obviously, don’t shill yourself. 😉 Cheers! - Please remember Editors' Picks and all the authors we mention are our attempt to show undiscovered traders, unique market insights, and interesting educational material. Anyone can be featured in Editors' Picks or in posts like this. All it takes is publishing an idea from your account. We try to be as fair as possible, following many of you, and reading all the different ideas published daily. That's it! High quality content, consistency, clarity, and the will to help others is what we look for. You can read all of our guidelines below: www.tradingview.com www.tradingview.com www.tradingview.com
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by TradingView
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