Macy's has been in a bearish downtrend since late 2015. Although the overall trend is down, the stock does cycle up and down throughout the trend. On May 19, the stock bounced off support and should slightly cycle up over the course of the next month and a half. This is the first indicator the stock should move up. With mixed earnings from retail out of the way...
First off, RISKY. Secondly, obviously in a downwards spiral. But it seems that earnings seem to be overstated (and the time in between). So this begs the question. Will this go up before earnings or on earnings? Id think yes. So I might be looking to open an order up after I check the right trade to get into. it MUST be a small position. Because this is obviously...
With the French elections now in the rear-view mirror, the Euro is at 1.10-ish at Asian open, and I'm looking to watch and short /E6 or FXE after seeing how far the spot forex pair goes here. Typically, the currency doesn't move all that much in the Asian session, so I kind of want to see what the European market does with the news before committing to a short...
Macys at a support level, will be watching closely for a bounce to go long (shares or calls).
$M showing a golden retracement at the .618 w/ a sharp falling wedge w/ positive divergences. Looking for move north.
We can enter shorts aiming to capture the anticipated sharp decline into earnings. Macy's reports one day before the 'Time at mode' downtrend signal here expires. The two targets seem quite realistic in my opinion, might be a home run trade, don't miss it! If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a...
After beating the estimates for loss this quarter Macys broke above the neckline on a reverse Head and Shoulder. The head and shoulder is a pattern that indicates a strong reversal. The volume of trades that accompanied the overall H&S shape confirmed the break out. I see a rise to a recent level of resistance around $50. This would also be a %17 rise which is the...
Long M here and watch for $42 breakthrough which could lead to gap fill
You are looking at a WEEKLY chart of Macys. This stock has been in an uptrend for 6 years! As you look through a bunch of stock charts each weekend, you should be looking for stocks like this one. There is no telling how long this uptrend will last but the trend is your friend until its not. My advice, wait for a pull back to the uptrend line (UT 3) or a break...