M trade ideas
$M Macys Trade SetupMacy's, Inc. engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. Its brands include Macy's, Bloomingdale's, and Bluemercury. It offers men's, women's, and children's apparel, women's accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products. The company was founded by Rowland Hussey Macy Sr. on March 6, 1929 and is headquartered in New York, NY.
can M fill the gap? 5.75 ---> 7.00Today was a green day on M and ill take it. up a solid +%0.04
in @ around 5.72 avg cost.
hoping M will Fill this nice gap upward to about 6 dollars Plus where ill start taking profit hopefully, keeping some to see if she can boost to 7 and beyond.
Looked at the Graphs for fun today she currently sitting at the previous levels of support/resistance which for me is nice entry/gamble Opportunity! If she falls, it is what it is.. I will be thinking about cutting me losses if she starts dropping below Instead of Breaking out.. I want the stock to breakout , not Drop!
Goodluck everyone @ peace.
Macy's "M" Long, bouncing off fib retracement today.Sector rotation out of tech and into laggards started on Aug. 4/6, and beginning of Macy's uptrend. After a very strong week, we've seen some pullback yesterday and today. However, there was a bounce at ~$6.80 a share today at the 50% Fibonacci retracement level. I expect this to continue to rise over the next few days and weeks into the $9-$10 range retesting the June highs. Some support above the 50 MA. Also see a hammer candlestick pattern forming today.
Macy's Technical AnalysisPrices are moving in side a channel (trendless situation) where generally the wisest option is to HOLD.
Option 1 seems that has already started.
Option 2 might happen only if the resistance 7.5 will be broken and the price will close for two consecutive days above 7.5 USD
NYSE:M
MacyHi everyone!
I'm sure that now we have the same situation for retesting new high prices as 2008 year.
Short pos now is 51%! Obviously, we are going to make short squeeze in the nearest month.
Until the end of the year i think price will be 10-12$.
Please comment this TA. Thank you and take care!