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Long

Chart. Chat. Connect.™ / Ruby On JCP / Possible Long Set-Up

NYSE:JCP   PENNEY J C INC
206 0 0
From 8.75 Ruby has held the short, with thresholds being maintained until there was a clear "no trade zone" leveling. Now we are seeing a tightening in price as support may be forming. There is certain pressure though as you can see in the circled area. All rests on many other factors, proper RSI readings, pivot readings, etc., etc. Additionally, many fine chartists are covering this name thoroughly beyond what Ruby can say at this time. Sincerely, Team of Chart. Chat. Connect.™
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