JWN
looks to have finally broken out of the falling wedge. Ideally would love more volume but look for a retest on the previous resistance trend to now act as support.
Long over $14.50 with a PT of $25. SL at $13
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Comment:
JWN failed to break over $14.50 and has retested the trend line as expected. Held up well today on bloody day in the market. Keep on watch for a close over $14.50 to go long.
Trade closed manually:
Massive move today by JWN on the back of vaccine news. Closing the trade in green as it's been open for a while. Will look to re-enter once the dust settles on vaccine hopes