NYSE:M
Consolidating in between key hourly supply and demand zones. Opportunity for play to either side with low liquidity zones above and below. Daily bullish RSI divergence for potential swing on a pull back.
Calls: Bounce of demand or breakout through supply
Puts: Rejection of supply or breakdown of demand
25 Feb 2022:
1)ideal entry was 22KL
3)second ideal was second day green low 25KL
4)demand zone: 22$
5)supply zone: somewhere around 30$ (not sure yet of supply zones) but strong res and historic consolidation
Scale out at 28s and Full out at 30s
Always welcoming comments and corrections!
Thank You.
ah and yes we still have time until March 10th )
Macy’s rallied in late 2021. Now it may be holding support after a pullback.
The first pattern on today’s chart is the 200-day simple moving average (SMA). Notice how the department-store operator touched the line this week for the first time since November 2020.
Second, prices have formed a parallel channel this year. The pattern has a slight downward...
Macys has a nice inverse head and shoulders pattern in this consolidation. Would love to see this pop. Saw some $28.5c for 2/25 expiry being loaded so I followed. Let's see how it plays out! GLL!
This is not a recommendation to buy or sell.
Pretty cut and dry explination. Clearly a three falling peaks pattern with bearish div (4hr) on both MacD and RSI. I got in way higher but even at current prices it's not a bad entry to grab some puts, adjust accordingly ofc. Good luck and if you agree or disagree leave a comment, all criticism is good criticism!
You can buy Macy stocks aiming a mid-term profit!
I prefer to wait until a confirmation.
Beyond the technical: (do your analysis, I’m not educated in the case of fundamental analysis academically)
Fair Price to Intrinsic Value: 0.91 which is a good score!
To summarize my fundamental opinion on this stock:
just good ( a little bullish )
Rough retail numbers today... This name getting hit so we will see if the bullish CD wing is still valid or if the follow through of the Doji day yesterday has strength.
a lot going on here on this chart. its great to study from because there are so many patterns. At the same time, it makes it harder for traders to decipher which pattern to play. Over all im more short biased. the pull back almost got up to the 38 and it looks to be forming an abcd pattern on the daily with a bearish engulfing. drilling into the 4 hour we also see...
Ley Levels $27.25 & $28.30
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
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Macys bouncing off local support recently and has been in a uptrend every since.
sitting right below a local resistance level, but in my opinion it breaks through and reaches price targets 1-2 in the near future.
This setup reminds me of GME before the big pump happened 🧐
like and follow for more 💘
