jangseohee
Short

Turn-around stock got turned around

NYSE:JCP   PENNEY J C INC
201 12 1
JCP             , once a darling stock is now consider a turn-around stock
Since the big GAP, price has followed mid-term uptrend channel

I just re-enter short at 8.99 again, though target is 6.96 at the break up horizontal support, but i am more greedy and look forward that it will fill the GAP.
What does it mean when people say "fill the GAP" . (I am a total noob in all this.)
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jangseohee aalapsharma
http://www.leavittbrothers.com/education/technical_analysis/overlay_indicators/price_by_volume.cfm

Look at the last chart of this link

P.S. like time, price can not turn back the clock and "literally fill up" the GAP/hole in Feb for JCP. but in the future if price drop back to 6 dollar, at least it it consider "filled".
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aalapsharma jangseohee
awesome. Thanks!
Reply
jangseohee aalapsharma
You're most welcome!
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jangseohee aalapsharma
JCP, gap filling in process

live examples of gap filling in process
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aalapsharma jangseohee
I am watching this! for that matter I did buy a put @8
+1 Reply
jangseohee aalapsharma
well done,
I exited 90% of my buy puts, left 10% to fill that GAP :-)
Reply
jangseohee aalapsharma
Now you know "how filling the GAP feels"
Next step, once price is able to fill that GAP, i will monitor closely weekly and monthly chart to see if the potential double bottom would give me bullish divergence in RSI & MACD then i will buy a long call options til 2017!
in fact just be patience and concentrate on one stock, enough to learn Technical analysis
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aalapsharma jangseohee
Thanks!
Reply
jangseohee aalapsharma
You're most welcome!
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I agree will go to near $8 and drop to up 5
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jangseohee OmarOmarr
Yes price oscillate
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