littleriver
Long

JCPenny Breakout Potential

NYSE:JCP   PENNEY J C INC
175 4 1
JCP             , after breaking out on earnings , has really fell flat. Now that things have settled down, it might be a great time for this rabbit to run while no one is watching. I have a first target near 9.80 and two other targets to follow represented by the green lines.
Indeed. I wonder if that is a smudged head and shoulders pattern on a larger scale?
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Hi 2use

Not exactly sure what you mean? I see the IHS? Perhaps a chart will better get your point across.
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2use littleriver
Did so now - seems that there were enough of ideas to bring to attention in one chart. Lets see how we can get an idea into a better one cumulatively
JPC - tight between several ideas
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Jcp has broken out of the wedge, crossed the 230EMA and reached my first target, though not the way I originally saw it. Here is a new fork with a new time line to the second target.
snapshot
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