M trade ideas
Head and shoulders pattern - Can M go to $30?The idea is that Macy's Head and shoulders formation indicates that the stock will eventually go up. My target price is $30 by Summer
Some could consider the pattern to look more like a Cup and handle if we exclude the one on the left. Either way, the conclusion would be the same.
Any thoughts?
Good luck to all!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
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Macy's is ready for a deep dive?Price is flirting with 200 MA right after touching the massive resistance area of $17. Candle stick patterns are also supporting the down volume on the hourly chart seen in the past few days. Target is $13.75
M longM is retesting Demand zone (previously Supply zone). Will aim to target to resistance line on TL (light blue line). 2wks + for holding.
How neutral mindset will help you to trade perfectly!!!Please check the related links for a Fact check!!!
Never get emotional about your positions! always have an entry and exit strategy !!!
we don't have good or bad stocks, we have the right time and wrong time to buy or sell equity..!
if your willingness to buy and sell any asset class is equal at any time you can make an impossible, possible..!
Macy’s in post COVID eraPotential gain:40%
Reward/Risk:4
Timeframe: 3-6 months
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
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Cup and handle in Macy’s I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!
MACYs A figure of a cup with a handle. For a high instrument, volatility increased by 200% in 3 months.
Enter after retesting the breakout line
The moving average should always be below the handle.
Macy's new uptrend until next earnings?8-K form from 23/02/21:
“Macy’s, Inc.’s fourth quarter results exceeded our expectations across all three of our brands, as we showed continued quarter-to-quarter sales performance improvements and returned to profitability,” said Jeff Gennette, chairman and chief executive officer. “Performance was driven by the home, beauty, jewelry and watch categories, growth in digital sales and by acquiring new customers. Our investments in digital innovation continued to pay off in the quarter, with digital sales up 21% from 2019. We anticipate annual digital sales to reach $10 billion within the next three years, and that digital will become an even more profitable contributor to our business. Additionally, we exited the quarter with a lower cost base and a strong liquidity position, supported by a $3 billion asset-based lending facility that we have not drawn upon.”
“We have made progress on the Polaris transformation strategy we introduced a year ago. We are accelerating several elements, including our focus on digital and omnichannel sales, improving customer value and building the infrastructure to support the growth of our business. We believe these actions will propel us to stronger performance in 2021 and beyond,” continued Gennette. “2020 was a year of unprecedented disruption. We are incredibly proud of our team for their hard work to make our customers feel safe and comfortable when shopping with us. And we are grateful to our brand partners for navigating through the pandemic with us.”
Ended the year with a strong liquidity position and continued de-levering of the balance sheet.
Approximately $1.7 billion in cash as of the end of the year, benefiting from efficiencies gained in working capital and a refocusing of capital spend on highest priority projects.
Retained approximately $3 billion in untapped capacity in the company’s revolving asset-based credit facility.
Repaid approximately $530 million of debt in January 2021 at maturity.
potential rebound target $18Please note: I'm just sharing my view. its not a recommendation for buying or selling.
Macy's - A seductive mistressMacy's had some major price action advances recently and sold hard after pushing to highs this stock hasn't seen for more than a year - bag holders jumping, no doubt. I'm liking the fact that price action has been bouncing off the 20 EMA with increasing vigor. MACD says hold on and wait a couple days for a better entry. I'm looking to buy on a gentle and constructive pullback to the 20 EMA. Target $22.
If you're unsure about this stock, take quick look-see at the weekly chart. Price hasn't touched the 8 EMA since the first week of November -- RSI has remained at 'buy' levels the entire time. It hasn't looked back. Short interest remains high (well into double digits). When will they learn?
MACY'S INCHi!
Since the market is already open, there is no time for detailed explanations. I'm looking at a long above 16
great chart request! M to the moon?broke the downtrend resistance and is headed to the moon!, id hold as long as the trendline holds! target 22 here. :)
Shorting MACY's into the earnings :) I am Shorting MACY's into the earnings via PUTS for mid March. Overall brick and mortar retail has NOT comeback yet and NYC is a ghost town. Macy's is the next JC Penny's, they are not there yet but are due for a pull back. Momentum and Volume have been no where in sight over the last week for this stock and its sitting at a 1 year high.. I am no genius but I would assume that its due for a fall. to $12's maybe even $10's if the market over reacts. I am betting against the trend here so I am taking a less risky approach by shorting via PUT contracts for mid march which will give the earnings a chance to sell off. I am operating under the assumption that because of my above points, that the earnings will be a missed target. I picked up some $16.50 PUT contracts for Mid March.
M - cup and handle patternCup and handle pattern on 1H chart.
We have a strong resistance lvl on 17.16$ so I think we will test it in few days.
It's will be 10% gain.
$M - in commonsUsing the entry of 20/40/40 to make a full position
Filled my first 20% @$15.54 - wait for the trade to come to you.
Broke out of the down trend
Macys 👗 testing demand zone: Nice long setup 🤩Hi guys,
i have another interesting trade on NYSE:M .Its in pretty strong trend in daily and weekly timeframe too. Its testing weekly demand zone after correction last week. 14.17 - 15.30 its nice entry point to catch continuation of this strong uptrend. My target is near 0.786 fibbo level, there is strong supply zone in weekly timeframe.
Here is my setup:
------------------------Trade setup ---------------------------
Entry: 15.30
Stop Loss: 13.28
Profit target: 21.54
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Short Macy'sFrom technical point of view I wouldn't recommend to buy Macy's now, or at least if you have it put a TP to 20-21 , haven't read about their fundamentals though. Then there is a big chance it can continue its downtrend. Macy's was fallen even before the coronavirus.
