octradr
Long

JCP REVERSAL?

BATS:JCP   PENNEY J C INC
99 3 0
Possible reversal pattern in play. If it is...12.83 is the new support. and a good long play would be somewhere near this depending on the amount of risk you are willing to have. Place stop slightly below 12.83. Thanks KLANG for bringing this to my attention.
Happy trading.
octradr
3 years ago
Thank goodness for stops.
Reply
Too early .. What made you get in so soon?
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octradr QuantitativeExhaustion
3 years ago
Rising MACD, Potential bottom of upward trendline and lack of risk with good gap support.
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