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M (Macy's) Poised for Upside Acceleration?

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Macy's, Inc. (M) is perched atop its 4-month base-accumulation pattern, which also means that it is poised for upside acceleration towards my two optimal target zones at 45.00/50, and then 49-50. As long as any forthcoming weakness is contained above 40.00, M has the right look of a recovery rally continuation period.

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