Look, you can get as complicated as you want with charts but on this one we'll keep super simple. Yep, not just simple, but SUPER SIMPLE. LOL
M has a great P/E and a strong high yield making a popular value play for funds and really anyone that wants steady growth/returns.
Our analysis is this simple: The last time M broke off this level was back in November of 2017. This triggered a huge 6-month run.
We think a break above about $22.25 - $22.75 will trigger the same kind of run. It also seems like retail is starting to get some love and earnings season for retail (See Pepsi) is starting off fairly strong.
To take advantage of this while avoiding any short term volatility, we will buy the $24 Calls going out to 1/17/202 and we'll buy them at or under $1.10
M has a great P/E and a strong high yield making a popular value play for funds and really anyone that wants steady growth/returns.
Our analysis is this simple: The last time M broke off this level was back in November of 2017. This triggered a huge 6-month run.
We think a break above about $22.25 - $22.75 will trigger the same kind of run. It also seems like retail is starting to get some love and earnings season for retail (See Pepsi) is starting off fairly strong.
To take advantage of this while avoiding any short term volatility, we will buy the $24 Calls going out to 1/17/202 and we'll buy them at or under $1.10