FDO trade ideas
MACY'S Technical AnalysisNYSE:M
Hold - The prices can still move inside the channel.
Before going long, wait the the top resistance level will be broken.
$M Macy's Completes a head and shoulderJust notice Macy's completing a head and shoulder patter in reverse. Not sure what is suggests. Does it suggest any postential for a big move? Does it show strength?
SHORT: $MWave Count:
- Wave C
Reason(s) to short:
- Bearish divergence at 1 hour time frame
- Reached the channel top
- Reached the 1 trend-based Fibonacci extension
Note:
- This might be a short term pullback until 0.382-0.236 trend-based Fibonacci extension. If it bounces around this area, prepare for Wave 3.
Macy's - M Stock AnalysisThe idea is to go long, but first wait that the Resistance 1 of 6.5 USD will be broken
Macy's Falling Back to Support?With Macy's expecting to report massive loss, we see the price of the stock falling back towards its support of $4.80. $5 might look like a support too but seeing how often it dipped to $4.80 in the past 1 month, I think it is too risky to buy in at $5. If Macy's continues to fall I would wait to see if $4.80 is being supported.
Macy's Stock Analysis - M Technical and Fundamental AnalysisBased on Technical Analysis - Hold the position before buying as the stores will open starting from Monday:
Macy’s is planning to reopen 68 department stores Monday.
It expects to have all of its roughly 775 stores reopened in six week
Fundamental Analysis - as usual gives us bed news (that perhaps they have already been discounted by the prices)
Macy's will delay its first-quarter earnings until July 1 due to the "significant business disruption"
On June 9, Macy's will release "select and preliminary" first-quarter results before the markets open
Short full bullshit company, which will bankruptcy sometimesShort full bullshit company, which will bankruptcy sometimes
Macy's at a Downward Spiral, but has Long PotentialPlease don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. First off, for buying Macy's as a stock right now prior to the earnings call, there is no way I am doing that (even if it goes up). Given the dramatic hit that retail took, the earnings call is expected to not be so positive and the risk is too high. However afterwards, Macys does have potential for a long asset hold. The demand curve for retail is expected to go back up when everything is back to normal, and it took a hit from being $17 shy of few month ago.
Not too surprisedI am still waiting for Macy’s to move into the lower end section. I would consider getting some calls at that level. But 4.7 should still be the ideal entry level. TP 5.8.
If M will broke wedge, open position, i think that would be shorIf M will broke wedge, open position, i think that would be short
WaitingLooking to re-enter Macy's if this could fall to 4.96 or 4.71. And of course, options only. TP 5.5
