2waytrading
Short

Crossed 18-EMA Bearish

NYSE:JCP   PENNEY J C INC
345 1 1
Any upside tick an opportunity to add short position. The price fell to hold 9-ema and now broke below 18-day exponential moving average . If you decide to short from here please, make your stop loss at recent swing high 21.3 area with target price $17
totally agree with your chart. It needs to go and retouch the previous low before any kind o a move.
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