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jajlouny
Jul 10, 2021 9:55 PM

M Potential Upwards Breakout From Wedge Long

Macy's IncNYSE

Description

Been on a clear upwards trend over the past 8-10 months. Posted big gains on Friday, looking for a breakout from the wedge on Monday. This stock frequently repeats big single day gains. Potential to break out into the $24 range next week.

Curious on other peoples thoughts.

Comment

Did not break. Stock (and entire sector) is looking weak at the moment. This could go sideways for some time. Hard to tell imo. Needs a strong catalyst to move it up.
Comments
superiorMagpie18722
Can you update on the idea
jajlouny
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