Penny Trade MacysJunk stock but might be worth a trade PT is only a 2r pt 2 if you had the patience is a 4r which is nice. Every once in a while you can throw some money in the risky stuff see if you get a hit. S/R levls so far being respected so worth a trade. by GsQ225
Macy's..Taken Over By Amazon ?The idea seems both immediately grandiose and incredibly business savvy Over the weekend, the idea was floated i that Amazon should consider buying Macy's, the beaten down, but very high class retailer, who also own the Bloomingdale's Department Stores. With over 850 store locations in the US, in major metropolitan locations, Macy's could immediately offer Amazon a foothold into prized American retail. The idea of a potential merger between these two companies pparently caught fire on wall street today,with Macy's stock up over 10 % just today, I don;t think Macy's would consider a buyout for any price under $10- to 15 a share, which would translate into a 40- 50 % premium, above where the market closed the stock today. Present shareholder's could thus be handsomely rewarded, by buying Macy's stock right now, and simply waiting, patiently for a buyout deal to materialize. And if it's not Amazon, then potentially some other suitor will soon come knocking next. M Last 6.62 THE_UNWIND 6/29/20 NEW YORK Longby The_Unwind1118
Looking for trades6.29.20 M DKNG TTD WILL TRY TO FIND A FEW TRADE SETUPS...AND THEN FOLLOW.Education19:34by ScottBogatin1117
M DowntrendMacys. RSI bottomed out needs to beat that neckline or it's going to breakdown further. I'd expect a quick bounce before, it craps the bed. Bad fundamentals + Bad technicalsShortby cmerged2
Best position to buy , Gartley patternThis classical Gartley ,harmonic, pattern shows that macys stock will go up for a while.Longby 8907af08cb324761a43c450137bd565
@M - BUY based on CCI 20 Close (-73.95) when Rebound start...Not Today, Maybe Tomorrow... For Sure when Rebound Waves start to come! Buy Only for this One... @M Estimated Earning per Share "Not yet Given" Last EPS USD 1.09 Last Dividend USD 0.38Longby ss8899168189Updated 5
M - MACY'S INC buy investment opportunityHello traders, Description of the analysis: MACY's inc. investment opportunity. I already invest to this stock with big potencial. I bought 1226pcs of shares. Trade what you understand, trade carefully and sparingly according to the business plan. This is not investment recommendation. About me: Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund ($4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades. JacobLongby Jacob_Kovarik337
Macy's the ride has begunThere's good support if you look from a longer term perspective. These companies have been defining US for years. I highly doubt they'll disappear. Look at hte previous ride up! I think it's ready for hte next leg. by darshitkt6
Macy's Inc 800%+ PotentialHello Community! Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more! Lets keep it simple. When you look at Macy's Inc on the monthly its at the ultimate all time support! You might not get another chance to enter at this sweet level for a while. With that being said it's most likely to go up from here. As you can see it's been in a major downtrend since July 2018. Previously as seen in May 2009 once that down trend is broken and begins to trade above the diagonal resistance it started to climb. Throughout the years it went up over 800% this is very possible again. If you're willing to Hodl this can play out beautifully in the next couple yrs. Bullish divergence on the MACD and RSI beginning to climb. This is not Financial advice. Safe Trading Calculate Your Risk/Reward & Collect! Simplicity WinLongby rnaofs14
$M looking to double bottom$M is forming a very similar pattern as ULTA in 2018, looking for a double bottom to form. Considering the risk in retail right now, while I don't think $M has high risk of bankruptcy I would consider buying Jan 2021 $5 puts and then selling 2 week out otm put options to either collect premium or eventually acquire some shares.Longby Yogigolf11
Triple bottom on Macy dating back to 1992 =o !!!! $MWhat is Macys? Macy's, Inc., an omnichannel retail organization, operates stores, Websites, and mobile applications. The company sells a range of merchandise, including apparel and accessories for men, women, and children; cosmetics; home furnishings; and other consumer goods. As of April 1, 2019, it operated approximately 680 department stores under the Macy's and Bloomingdale's names; and 190 specialty stores The bull case? -The company has good profit margins for a retail. -The company has good debt to capital because they sold a lot of real-estate a few years ago. - Could get a dead cat bounce (lol) - I've noticed that Yacktman Hedge fund started acquiring over 20% of macy shares.( this is one of those long term investment companies, kinda like Berkshire and warren buffet style, they look for value) -Lastly they got a good online store and ladies love to shop! shopaholics gonna be shopaholics. (I mean that's why i invest in the market, so i can make extra money for my lady to buy stuff lol) The bear case? -retail sector has been going down hill -Corona shutdown gonna affect their revenue this year by 25% easily so we'll be looking at breakeven for them this year. we can bear case all day for sure but that's some of the main ones, so know your risk! So what's my play? picking some up around the $5 range, gonna add a trailing stop-loss at $1 below ( trailing stop means at $4 stoploss, if you don't know, just msg me) Longby WallSt007Updated 2212
[Update 10-Jun] $M expected to go higher to $11 in wave-5This is an update to my original idea posted on 6th June, while $M retraced back to 0.618 levels today - the hourly and 4 hourly formation in the first half went on very well. However, we did not started rallying higher the same day. With this, is the idea of wave-5 to hit $11 still valid? The idea invalidates if we close below $7.8 on a daily chart. For now, we're good - I'll post an update as well if the idea invalidates. Our targets remain same, with TP1 being slightly lower as it was computed based on length of wave-1 and where wave-4 settles. While TP2 can be an extension based on market conditions of course. TP1: $10.6 TP2: $10.8-11.2 What do you think about this idea? Leave your comments below. Disclaimer: This is not a financial advice. Please make your independent decisions while making an investment.Longby mustafa_beyUpdated 444
Macy's churn is exhausted and the run up should provide $1+ There is no volume to support the lower price relative to monumental amount that changed hands in the $8's. I expect this to squeeze hard and snap right into the $8's with little trouble. Way oversold as you can see from the accumulation/distribution line.Longby pohaus116
$M (MACY'S INC) expected to go higher to $11 in wave-5$M has been following elliott wave nicely. Wave-3 was almost 1.62 of wave-1 which is very typical of a stock. With that, as the wave-4 is forming, I am presenting an idea that can lead to ~20% gains during next few days: Entry: $8.4-8.00 TP1: $10.8-11.2 What do you think about this idea? Leave your comments below. Have a great weekend! Disclaimer: This is not a financial advise. Please make your independent decisions while making an investment.Longby mustafa_beyUpdated 998
My bullish senerio reference chart for M This is just a simple reference chart I made for myself to keep track of Macys in the event that this scenario continues to be bullish. To come up with the price points I analyzed its trends, then used Fibonacci to find correlating price point projections. This is a method I use a lot when Im trading a item that I usually don't trade. Longby DanielBeasleyUpdated 224
Macy's way oversold on the dayI know this is going to take a turn here in session. Way oversold and below VWAP. CFO had some comments that where realistic and shorts came to pounce on it. Nothing material since they just closed more-than-100% their marketcap with this round of financing. Looking to 430PM EST as the CEO is live to the nation talking about positive foward looking statements that will hopefully send the shorts home packing. Load up here and have a 10% stop loss. Won't be surprised at all if this closes in the Green as the S&P is starting to take a turn. Longby GK-TradesUpdated 12128
M 6/26/2020 9 CALL @ $1.05 CEO COLLECTING DEBTDon't Count Macy's Out up 8.8.9% in post market session on Monday 6/8/2020 earnings 7/1/2020 This is why I am suggestion the 6/26/2020 expiration. Short of a miracle I don't see how M will make earnings. CEO on CNBC to explain financial plans - M is not giving upLongby mthompson45333
$M Macys Testing $9.50 Resistance - Potential Short Squeeze$M Near term short squeeze potential - 45% of float outstanding is short Close above $9.50 today for confirmation Near term target $12.00 Educational, not investment advice.Longby Triple_Barrel_Capital4
MACY'S ($M) 🛍️ | Are the Bulls Going on Parade too Early?🏬 Between a weak earnings outlook, years of growth for online shopping, COVID, and the protests the last place you would think people would want to put their money is in retail giants like Macy's... yet, here we are. M has had a solid recovery since the COVID crash. That said, we think this Macy's day parade may be coming to end as we go into earnings and get rejected from resistance at the same time. Let's look for a setup. Resources: www.earningswhispers.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- 1. Despite some recent strength, Fractal Trend is showing a downtrend (Maroon colored bars) on the 1-hour timeframe. 2. With this strategy, we are looking for short setups in a downtrend and as such want to enter short on retests of bearish order blocks plotted by Orderblock Mapping (Maroon colored lines) and/or bearish S/R levels plotted by Directional Bias (Maroon colored lines). 3. The plan here is to short the R1 orderblock above the gap on the left side of the chart with a target of the S1 S/R range. 4. We have placed our stop above R1. This not only gives us a good R:R, it also protects us from any volatility (although we expect R1 to hold so that extra protection shouldn't be necessary). Overall our play here is simple, short the recent strength in this retail giant as it touches resistance into what analysts project to be weak earnings. Good luck everyone!by AlphaBotSystem12