JCP has had a good run these last 2 months and it looks like there is a good chance the LONG downtrend is over. I am overall long but with the idea that big corrections can still occur and still keep this new trend moving up. Right now the major support is at 8.49 and It may even dip below this for a day or 2 if it does get to this level. Make sure you get in at a good entry point and I would bet that within 6 months it will close in on the upper resistance of 12.96.
Comments
octradr
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Found new support at 7 but the new trend is still down. 10/31
octradr
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Dropped below support. Let's see if it turns around over the next few days. 10/9 B4 close
octradr
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Getting closer to support. 10/7
octradr
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Another big correction. Buying opportunity is near. 10/1 B4 close
octradr
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Big correction day today. This may lead us into a good entry point over the next week. 9/19 B4 close