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M (Macy's) Poised for Upside Acceleration?


Macy's, Inc. (M) is perched atop its 4-month base-accumulation pattern, which also means that it is poised for upside acceleration towards my two optimal target zones at 45.00/50, and then 49-50.

As long as any forthcoming weakness is contained above 40.00, M has the right look of a recovery rally continuation period.

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