Shares of Macy's Inc (NYSE:M) are getting smoked by over 10% today after the company announced plans to slash 10,000 jobs and close a bunch of stores. The stock is trading at under $32 and is likely headed lower. After analyzing the stock chart, there is major support at the $30 level. This is where I will buy it today for a quick, hard bounce. Investors can look for a 10% bounce off that level, maybe more. Note the stock chart below as it shows the major support at double bottom.View my trades and Verified performance now right here. Simply join Verified Investing for free and anytime I buy a stock/ETF, you will get an email. You can then opt-into the trade getting my exact entry price, target and stop. Those who take my trades, only reward me (a Verified Trader) with a few Dollars IF they get big winning trade information.