TradingView
Stock_Hustle21
Nov 22, 2021 1:32 PM

#M Cup & Handle incoming Long

Macy's IncNYSE

Description

Going through my morning charting on trading view and i remember seeing #M on unusual whales pop up frequently and i glanced at the chart almost moved on to the next play and literally did a double look, but a cup is fully formed perfect on the one year one day and one year one week chart as you see in the image. It will be interesting to see if we can put a couple red days together this week to form the handle will be putting in some trades for mid Dec. to help myself with the Theta and to see if this comes to fruition it will be cheaper to pick up contracts on pull back days either way. Also their ecommerce business is also coming along form what i had read recently in either case this def makes for a play to go in your watch list, Fed is also supposed to make an announcement today which when that normally happens we have VERY RED days so i guess as they say the STARS ARE ALIGNING lol.
Comments
jajlouny
This is looking pretty solid.
Stock_Hustle21
@jajlouny, i agree this one should end up paying out nice money
JustTradeSignals
Very nice analysis... please read our generic views on Cup & Handle Pattern.. Hope you will like it.
Stock_Hustle21
@JustTradeSignals, thanks anything i can do to help new traders
More