Can Macy's Sustain Its Breakout As Q3 Earnings Loom?

Macy's Inc. (NYSE:M) is set to report its Q3 earnings on December 3, and the timing couldn't be more interesting. The stock is currently navigating a bullish Cakra breakout within its Adhishthana cycle on the weekly chart. With earnings approaching, it's important to evaluate where Macy's stands in its broader cycle and what the coming sessions may bring.Understanding Macy's Bullish Cakra BreakoutUnder the Adhishthana Principles, stocks typically develop a Cakra structure between Phases 4 and 8. This struct ...