DenInvest

Time to think about Macy's

DenInvest 업데이트됨   
NYSE:M   Macy's Inc

1) the aim of deep correction is completed
2) bullish divergence,
3) oversold by RSI

such kind of signal were at 2008-11-03.

Currently we can see the 1 growth wave is completed at 73.77$. I confident that it was the first wave because it was started from historical min price 5.07$

I think for starting to buy near 19.69$, since gap should be closed. Probably it can be the bottom and I do not expect significant going down of price. Actually I've started form a position near 20.78$ - about 20% of plan.


I will buy more when bearish signal will be worked out, I guess it should happened near 19.69$. Where I will buy additional 20% of plan.
If the double top (fig.3) will be realized the target of going down is 15$.


If you are do not tolerant to risky, additional buy could be done by 10% of plan after 7%-10% of going down the price. But this going down of price will be in negative scenario only. Also you can wait for confirmation for reversal of down trend.

Target price of 3th growth wave is above 73.61$. For achieving that price several years can be required. The growth of the first global wave is being during about 6.5 years.
액티브 트레이드:
good chance to buy some stocks
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