Chart Patterns & Algorithmic Trader (Jan. 28, '20) (87)
M ABC Bullish Pattern
s
Reviewed in CPAT
Macy's, Inc. (M) is trading in an ABC Bullish pattern on its daily chart above
the long entry-level of $6.43. ABC Bullish patterns are valid only when
price closes above the entry level with the confirmed up trend. Enter a long
trade above entry-level with a stop below $5.81 (-$0.52). Targets are
placed at Target1 Zone $9.6 to $10.6 and,Target2 Zone $13.5 to $15.7.
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