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decaro
Mar 10, 2021 2:52 PM

MAC: cup and handle Long

Macerich Company (The)NYSE

Description

Macerich has formed a large cup and handle. Look for an upside move beyond the old dashed resistance line and into the descending channel, which it broken out of during the corona crash.

OTM call volume exceeded open interest by a large factor on Tuesday, March 9.

Comments
bravomalinois
MAC has March 19 options closing this week. Probably see some price movement. I'm long regardless. Nice work!
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