This classical Gartley ,harmonic, pattern shows that macys stock will go up for a while.
Not Today, Maybe Tomorrow... For Sure when Rebound Waves start to come! Buy Only for this One... @M Estimated Earning per Share "Not yet Given" Last EPS USD 1.09 Last Dividend USD 0.38
Hello traders, Description of the analysis: MACY's inc. investment opportunity. I already invest to this stock with big potencial. I bought 1226pcs of shares. Trade what you understand, trade carefully and sparingly according to the business plan. This is not investment recommendation. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange...
Hello Community! Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more! Lets keep it simple. When you look at Macy's Inc on the monthly its at the ultimate all time support! You might not get another chance to enter at this sweet level for a while. With that being said...
What is Macys? Macy's, Inc., an omnichannel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 1, 2019, it operated approximately 680 department stores under the Macy's...
This is an update to my original idea posted on 6th June, while $M retraced back to 0.618 levels today - the hourly and 4 hourly formation in the first half went on very well. However, we did not started rallying higher the same day. With this, is the idea of wave-5 to hit $11 still valid? The idea invalidates if we close below $7.8 on a daily chart. For now,...
$M has been following elliott wave nicely. Wave-3 was almost 1.62 of wave-1 which is very typical of a stock. With that, as the wave-4 is forming, I am presenting an idea that can lead to ~20% gains during next few days: Entry: $8.4-8.00 TP1: $10.8-11.2 What do you think about this idea? Leave your comments below. Have a great weekend! Disclaimer: This is not...
I know this is going to take a turn here in session. Way oversold and below VWAP. CFO had some comments that where realistic and shorts came to pounce on it. Nothing material since they just closed more-than-100% their marketcap with this round of financing. Looking to 430PM EST as the CEO is live to the nation talking about positive foward looking...
$M Near term short squeeze potential - 45% of float outstanding is short Close above $9.50 today for confirmation Near term target $12.00 Educational, not investment advice.
🏬 Between a weak earnings outlook, years of growth for online shopping, COVID, and the protests the last place you would think people would want to put their money is in retail giants like Macy's... yet, here we are. M has had a solid recovery since the COVID crash. That said, we think this Macy's day parade may be coming to end as we go into earnings and get...
I think this trade will take more than a while to breakout.. it looks very much like a triple bottom or even an inverse head and shoulders. Macy's right now is a great buy considering we are opening up again (not saying this is the end for COVID-19 but the markets will pump).. I would consider taking 75% profits on this trade around 6.50-7.00 for short term plays....
All description on the chart. Please, don't forget to like and follow. Thank you.
NYSE:M Hold - The prices can still move inside the channel. Before going long, wait the the top resistance level will be broken.
Wave Count: - Wave C Reason(s) to short: - Bearish divergence at 1 hour time frame - Reached the channel top - Reached the 1 trend-based Fibonacci extension Note: - This might be a short term pullback until 0.382-0.236 trend-based Fibonacci extension. If it bounces around this area, prepare for Wave 3.
The idea is to go long, but first wait that the Resistance 1 of 6.5 USD will be broken
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Based on Technical Analysis - Hold the position before buying as the stores will open starting from Monday: Macy’s is planning to reopen 68 department stores Monday. It expects to have all of its roughly 775 stores reopened in six week Fundamental Analysis - as usual gives us bed news (that perhaps they have already been discounted by the prices) Macy's will...
Please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. First off, for buying Macy's as a stock right now prior to the earnings call, there is no way I am doing that (even if it goes up). Given the dramatic hit that retail took, the earnings call is expected to not be so positive and the risk is too high....