Macy is holding above a Support Zone with MACD Bullish Divergence at a Bullish Gartley PCZ and is now trying to crack above $11.50 if it gets above $11.50 it will probably see $20 relatively quickly.
Macy's tapped the midpoint. A return to $15.14 would setup a reliable auto-buy for round two. Sell 2 lots at the mid-point again.
The perfect mid-point hit and retreat sets up a good short at $16.71 if it gets there.
if it takes out that neckline.
"Macy's founded in 1858.
It is the largest department store company by retail sales in the United States as of 2015.
Macy's operates with over 700 stores in the United States. Its flagship store is located at Herald Square in the New York City borough of Manhattan.
The company had 130,000 employees and earned annual revenue of...
I noticed Macys( NYSE:M ) was way oversold and was overdue for a run at least to 12. This is my documentation for charting this play. I purchased Oct 12, 2023 $12 call. Sold for ~25% profit.
I should have sold the call on Tuesday or Wednesday cause I hit my 20% profit quickly but I was being greedy. Having faith in conviction is one thing but to be a...
Analyzing the options chain and the chart patterns of M Macy's prior to the earnings report this week,
I would consider purchasing the 16usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $0.72.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to...
As can be seen on the 2H chart, Macy's last earnings on June 5th was afavorble beat
resulting in first an uptrend and then a sideways price movement for a month and
a half. Earnings are expected on 8/22/23. Price has had dynamic support at the mean VWAP
anchored in April while the dynamic resistance has been two standard deviations above that
represented by...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 16/61.80%
Chart time frame : B
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
NYSE:M is in a downtrend channel but I think there is a long opportunity as long as it holds the 15.9 level with targets of 19 and 22.65
-Falling Wedge breakout and retest wedge-line as support
-Bottom of channel bounce with strong green candles
-Buying volume vastly outweighs selling volume from trend
-RSI showing momentum with plenty of room to run
Good idea...
I see clear down trend on M since beginning February. It tests 50MA and can not hold it, broke down . now i close to 200MA and trendline. I guess M will continue downtrend until its earnings 02 Mar 2023
it seems a bearish trend is going to start on M. I guess the price could be reversed from the 23.45-22.81 zone if the price break 23.45 above it could reach to 24.9 level.
1. Yearly bar red, normally the next year going to make a new low
2. recession not going to benefit macy's
Risk:
It MAY pops to 21.75 level to reclaim the resistance if the market bounce recently
Important CPI and unemployee data will be released before next thursday
