krugman25

M - Successful Bullish Prediction. Take Profit?

Long
NYSE:M   Macy's Inc
Yesterday I posted a bullish candlestick setup that had formed on the daily chart. You can see that analysis here Earnings were released pre-market and price shot up over 10% in line with our bullish prediction. The next major resistance area is 32.30. The question now is whether to let it run for further profit on a breakout of 32.30, or take profit on an anticipate pullback from this key resistance level.
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