MAC had a huge accumulation!

NYSE:MAC   Macerich Company (The)
Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:

1. Price levels are working good here
2. Globally uptrend and locally range
3. The level confirmed by a few touches
4. Huge accumulation in the range
5. Great potential 1 to 13.5 risk/reward
6. The price came from above
7. Report was 5 days ago
8. In 2 days dividends
9. Macerich Q4 earnings rise as traffic returns, occupancy rises
10. Macerich FFO of $0.53 beats by $0.05, revenue of $229.4M beats by $23.72M

Potential risk/reward ratio = 1 to 13.5 meaning that potential risk 100$ with the possibility to make 13.5$

If it does make sense to you, press a thumb up! 👍


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