M trade ideas
Macys Inc.: The Rocket Is Heading southMacys inc. is in an ABC corrective structure which can be a complete structure or make progress to form a wxyxy structure. All these possibilities are bearish. As it develops I will keep you updated. Criticize or ask any questions in the comment section. Thank you for your support.
Macy's forming the second smaller cup and handleLooking out for a bullish pattern with the second cup and handle. Previous resistance and support indicated as roof with 17% possible upside.
Please let me know if any patterns - signal where missed.
Long | MNYSE:M
Possible Scenario: LONG
Evidence: Price action
TP1~ 12.5
This is my idea and could be wrong 100%.
Cup and Handle on Macy's "M"Bullish cup and handle pattern forming in daily candlesticks on Macy's chart. Depth of cup used for target price projection, starting at the breakout above the handle and targeting $16.30 range.
Thoughts?
Macy's pretty strong todayWas pleasantly surprised about the fundamentals playing out, let us see what is next, share your entry exit strateg ?
keep requestingso ill keep posting it haha :D short here with a stop loss over recent highs, target bottom trendline, my stop loss would be the top trendline once it has a clear dump below it :) goodluck !
Macy's Completing a 1-5 Elliot Wave CycleI've been long on M for a few months and have done very well with this stock. Recently cut position, as I am expecting a pullback after the completion of this 5 wave. Might have a little more gas, but I expect M to drop any day now. I will likely reenter around the $9.50 range.
this will go to 20$ by third quarter next yearLooking at the monthly i believe the bottom has been reached and a reversal is imminent. The oscillators point up and the completion of this correction wave looks quite obvious. Last ER was great and Macy's has an internet presence. Sure it's not Amazon but they have shown profits in e-commerce. The future looks good with so many vaccines now seeking approval and the closures of so many retail stores leaves customers to be snatched up by whoever is left standing ie; Macy's. Need i also remind you that the return of a dividend is in the horizon? Don't miss the boat it's about to set sail. Happy trading.
looking good on the weekly chartI think it's a good time to start building position here, adding on the dip.
vaccine news macys will be up 50%Symmetrical triangle and fib extension point at same level. First, we will retrace.
MACYS GOING SHORTMACYS is being attacked from two sides. It has been depending on commerical real estate sales while its profitability has diminished due to consumers moving to online sales. Now in a potentially depressed post covid 19 commercial real estate collapse and competition from well established online retailers, Macy's is looking more and more like a dinosaur of a previous economic era and soon to be a fossil like JC Pennys.
They missed their chance to develop an online strategy back in the late 90s and early 2000s. The covid 19 shutdown was the final wake up call for Macys but it is unlikely this bohemith can redeploy its resources fast enough to save this titanic of brick and mortar retailers.
NYSE:M
Long only if it breaks the resistanceHello People. Today we have a good play on Macy and a potential profit. If only if it breaks the resistance and closes above then we can go long until the next resistance the numbers where good and the company has potential. Good luck and I hope you make money. Even if you don't make money on this week don't worry you are not the only one this week is weird and hard to predict because of thanksgiving, black Friday good news, and bad sentiment all mixed.
$M Macy's Inc Bullish Trade Targets
Macy's has blown through previous targets and now
battling to cross above the previous June high.
A move above could see a quick run to $12.40 .
Fibonacci target $13.25 in teh shirt term.
RSI is running high so caution .
congrats to those who got in!now look for a test of the bottom trendline in the future for the next dip buy, remember it doesnt hurt to take profits! gl :)
$M Macy's strong reversed 12% post earnings drop.
Day trade opportunity above $ 9.34
target to previous pivot $10.40
$M Macy's Omg Taking a risky long into earnings. 🤞🤞🤞🤞🙏🙏🙏
Believe it, or believe it not, but maybe M has put in a triple bottom dating back to 1992 & 2008..
In the short term it has obviously broken that horrible downtrend.
On teh daily it has crossed over all the MA's.
The daily & weekly indicators are all bullish.
The 50 Moving Average on the weekly chart will likely break today which could set up a rally into earnings.
If earnings go well and commentary is positive $10.60 -$14.00 are medium term targets.
This is a highly volatile and heavily shorted stock take care.
