NYSE:JCP   PENNEY (JC) CO INC
This might not be the best idea ever because of the
- multi year downtrend
- earnings on 28 February and if it gaps down, stops are f*cked

But on the other hand
- it sure looks like an ascending triangle
- YOLO

We are gonna choose a direction, that's for sure..
Trade active: Tighter stop hit, wider still untouched.
I wouldn't bury this whole trade just yet. A consolidation can easily look as an ascending triangle at the early stage but form a rectangle later.
Trade closed: target reached: Rectangle indeed, we got the bounce, TP1 reached, TP2 not
I'm closing the idea
congrats, and good job
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