alex_yeo

Macerich (MAC): Potential start of a new uptrend

Long
NYSE:MAC   Macerich Company (The)
Price has just broken out of the Ichimoku Cloud. It could be the start of a new uptrend.

The idea is to catch a new trend as early as possible and ride on it as long as possible.

No target price to hit. Go long and place a trailing stop along the way as price goes higher. Set a stop loss when you open the position.

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