BATS:M   MACYS INC
103 4 2
50 retrace of prior low to high. Positive RSI divergence. Close above 46,12 confirms double bottom for 48.75
nicolaskao
3 years ago
Might be forming an ascending triangle now.
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KLang PRO nicolaskao
3 years ago
Looks tricky here. Second time at this level....
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nicolaskao KLang
3 years ago
Well, not an ascending triangle (freaking stockcharts.com). The RSI divergence is only getting stronger at this point, and now the price just crossed the lower part of the bollinger band, a reversal will have to happen soon, it looks more like a rectangular pattern now, a small bounce from 46 would confirm it.
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nicolaskao nicolaskao
3 years ago
...or not
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