29.03.2016 - Macy's price may continue to rise

Price of Macy's continues to consolidate below the level of 45.00 and is moving inside the rising channel. In case of overcoming the resistance level at 45.00, rising dynamics will continue to the target marks at 48,00 and 52,00. It should be noted that the correction inside the rising channel is limited by the lower limit and the level of 41.65. We expect a further rise in prices, but are waiting for the signal to open new positions.

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