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krugman25

Bullish pin off of a key support trend line w/ increased volume

Long
Macy's Inc (NYSE:M)  
krugman25 Aggiornato   
NYSE:M   Macy's Inc
Trend Analysis Chart Patterns
3
0
trendanalysis chartpattern
This is a nice setup on the daily chart where a large bullish pin candle formed off of a major trend line support and a minor trend line support. As an added bonus there was an increase of volume in the pin showing buying volume as buyers defended the price level.
Commento:
I am personally in the trade through short puts. Once could be short puts for a long bias with a bit of insurance or long stock for a strong bias.
Commento:
Earnings are right around the corner which should get this stock really moving.
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