Macy’s – Today on ATA Research Radar
ATA Following …
AMAZON
15.11.2019 – AMAZON – still away from Nasdaq Bull Rally…
Macy’s Strategic Motives
E-commerce Long Term Winning Strike
with
Black Friday Shopping Heat
Macy’s Present Situation
MACY’S SECULAR SITUATION
ATA MARKET MODEL IN LONG TERM ACTION
ATA MIND OVER MARKETS
Hope is Not a Strategy
Follow the Trendlines Not the Headlines
Failed Signal is the Strongest Signal
ATA MARKET MODEL
First…Market Motive…
Second…Market Technical Pattern…
First…Key Motives
above in this text…
Second…Market Technical Patterns
First of All
All Time High
73.61 USD ( July 2015 )
All Time Low
5.07 USD ( November 2008 )
( Quarterly & Monthly Charts )
After
First…Dynamic Back Under
Psychological Key Level 70 USD
Second…Activated
Master Top & Bear Reversal Patterns
Back Under Psychological Key Level 70 USD
Two Quarter Key Candlesticks
Big Upper Shadows
Three Monthly Key Candlesticks
Big Upper Shadows
&
Two Bear Reversal Patterns :
2B Pattern
Key Levels 69 & 68.25 USD
( Monthly Chart )
Ending Diagonal Pattern
( Monthly Line Chart )
Now still dominating
Long Term Bear Trend
with
Last Months Bull Contraction
Trying Stop Wave Down
in
14 – 15.50 USD Key Levels Zone
with
Psychological Key Level 15 USD
near
Fib Ret 88.6% Last Wave Down
Key Level 12.88 USD
vs
MACD Quarterly & Monthly Sell Signals
ATA Investment Conclusion
Two ATA Main Scenarios
First… Bear Trend Continuation
Fall & Test 13 & 5 USD Key Levels Zones
vs
Second…Bull Trend Activated
Major Condition
Bull Reversal Pattern Activation
Inverted 2B Pattern
Key Level 17.50 USD
with
Confirmation Back above
18.85 – 19 USD
&
Psychological Key Level 20 USD
so
Special Focus on Present Battlefield
13 – 14-15 vs 17.50 –18.85 – 19 – 20 USD
always remember
Market Trend always changed when Mainstream Media created
One Slogan ” No Chance for Change “…
that’s why
Charts show you Reversal Pattern First ex ante…!!!
Risk strikes Fast…
Chart is More Important than 1000 Words…
&
Most Important s Final Smart Money Reaction…
First…EOM – November & December
Second…EOQ – Q4
Macy’s Quarterly & Monthly Charts :
27.11.2019 – EOD
