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longshortSMS
Aug 20, 2021 6:30 PM

Short M  Short

Macy's IncNYSE

Description

I have no reason to short this stock really.

The volume is still strong and above average, I am shorting only because it is a retail stock and competition are very strong in this sector of the market and it is already up 95% for 2021.

Trade active

target $20
Comments
justinl619
$100 stock. currently wave 3 in play.
bilalian77
I dont see a confirmation to short this yet, no signs of reversal, I will short if RSI is above 80, with volume on decrease and a doji indicating reversal and closing below the previous day low or close and have the stoploss as previous day day high.
gabrielpitts123
Do you still believe its gonna head downward after todays movement?
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