The question is which direction?
Overall pattern is a bearish megaphone (Green lines)
Broke out of a 8 month consolidation (Purple line)
Now trading in a Bullish flag ( yellow lines)
Usually a breakout of consolidation would bring about a retest of that consolidation area. That retest would mean Macy doesnt break out of the bull flag tomorrow but falls back to support around 20.10.
Volume was average today but with Retail sales info coming out tomorrow that could be q catalyst for a breakout To fib resistance
1. 21.85
2.23.76
Overall pattern is a bearish megaphone (Green lines)
Broke out of a 8 month consolidation (Purple line)
Now trading in a Bullish flag ( yellow lines)
Usually a breakout of consolidation would bring about a retest of that consolidation area. That retest would mean Macy doesnt break out of the bull flag tomorrow but falls back to support around 20.10.
Volume was average today but with Retail sales info coming out tomorrow that could be q catalyst for a breakout To fib resistance
1. 21.85
2.23.76
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。