Hi everyone, Yurii Domaranskyi here. Let's take a look at the chart:
1. Price levels are working good here
2. Globally uptrend and locally range
3. The level confirmed by a few touches
4. Huge accumulation in the range
5. Great potential 1 to 13.5 risk/reward
6. The price came from above
7. Report was 5 days ago
8. In 2 days dividends
9. Macerich Q4 earnings...
Downtrend Channel Breakout
SMA50 as support
OBV > OBV Avg34
Williams %R crossed -50
Entry 12.75
Stop 10
Target 24
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
Analysts are decreasing fair value estimate to $29.50 per share from $32.50 per share after incorporating fourth-quarter results and adjusting our assumptions for the impact of the coronavirus.
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.
Swing play for MAC
Entry Price: 13.15
Target: 22.97
Stoploss: 10.19
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational & entertainment purposes only. All advice is based on technical and my own opinion.
Hi everyone, the wxyxz structure in this pair is complete, now i expect a total reversal of the down trend or a correction of a higher degree. All this tends to a bullish forecast. Thanks for your support. Click the like if you like it, and make sure all traders see this analysis before it's too late. Thank you. Trade with profits.
Uptrend, EMA55/144 as support Zone
Hook reversal candle
Entry 13.5
Stop 10
Target 24
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
The Macerich Company is an S&P 500 company that invests in premium mall assets. The company owns 29 regional malls in its consolidated portfolio and 19 regional malls in its unconsolidated portfolio along with six power centers and six other real estate assets. The company's total portfolio has 50.6 million square feet gross leasable area and averaged $801 sales...
MAC is on the hedge funds' most shorted stocks list. The other contenders are already in cover territory for the most part, MAC is relatively undervalued compared to the rest and has high potential to be a long term hold as a dividend producing REIT as well.
With a huge short interest at 57.39% of float, any squeezes on this will be gigantic. Daily volume being...
Macerich Co. operates as a real estate investment trust, which engages in the acquisition, ownership, development, redevelopment, management and leasing of regional and community shopping centers located throughout the United States. It conducts all of its operations through the operating partnership and the management companies. The company was founded by Mace Siegel, Dana K. Anderson, Arthur M. Coppola and Edward C. Coppola in 1964 and is headquartered in Santa Monica, CA.
NYSE
