Macy's Inc
Panjang

Head and shoulders pattern - Can M go to $30?

205
The idea is that Macy's Head and shoulders formation indicates that the stock will eventually go up. My target price is $30 by Summer

Some could consider the pattern to look more like a Cup and handle if we exclude the one on the left. Either way, the conclusion would be the same.


Any thoughts?
Good luck to all!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)

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Penafian

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