Looking at M to reverse up from $14 area. Lowest target for M
Strong Low Projection for March 2020
M on daily appears to be overextended based on high RSI (70.5) however we recently have seen it as high as 79 - weekly actually paints a strong bullish picture so possibly light retracement or just accumulation - will post follow up weekly chart
1) the aim of deep correction is completed 2) bullish divergence, 3) oversold by RSI such kind of signal were at 2008-11-03. Currently we can see the 1 growth wave is completed at 73.77$. I confident that it was the first wave because it was started from historical min price 5.07$ I think for starting to buy near 19.69$, since gap should be closed. Probably...
Another chart that caught by eye as a big negative mover on the StockCharts Technical Rankings. I will look for confirmation for the price to move out of the symmetrical triangle that is forming but given its recent underperformance of the S&P I am again biased on the short side for this trade.
This stock is ready to rise after we had a low volume test on the daily. Macy completed the downward cycle with 3 clear levels of drop, followed by an accumulation phase, then a breakout and a clear rejection of the top edge of a value area. You can see that levels are balancing higher now. Fundamentals are going to drive this market to insane levels, you...