Macy's Inc
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M Potential Upwards Breakout From Wedge

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Been on a clear upwards trend over the past 8-10 months. Posted big gains on Friday, looking for a breakout from the wedge on Monday. This stock frequently repeats big single day gains. Potential to break out into the $24 range next week.

Curious on other peoples thoughts.
Nota
Did not break. Stock (and entire sector) is looking weak at the moment. This could go sideways for some time. Hard to tell imo. Needs a strong catalyst to move it up.

Penafian

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