As in my past analysis for JCP, I showed that the key for this stock to go higher is the supporting performance and news. This stock has a bright future, volatility was very high for this stock in both directions (up & down) which means there were some smart money out there accumulating in the stock (it is obvious in the positive divergence with the RSI). What's...
Are you a $JCP bear? Or are you a $JCP bull? No matter which side you one, you must pay attention to the 7$ support zone! It's either going to be a massive sell off or an extreme bullish move. You can either choose your side or wait for confirmation, either way, make sure you keep track of this zone. Want more trading ideas? Subscribe to the Market Zone's...
After the fast progress in JCP prices it turned its direction down right after the analyst conference. Is it the stock's death or is it just over reacting from the analysts and panic investors. Here in the chart we can tell that the stock faced a strong resistance at $11.22, On Fibo retracement it represents 50% from its level $17.54, at this strong level we...
First chart here. My few JCP plays have been profitable. Comments welcome I no pro here.
Another beautiful little Fib setup. if you measure the distance of AB, that distance will equal what I drew as CD. This is what you are looking for. The level here at D ($11.30-$11.40) is also the 50% rertracement from the drop at the end of last year. I always like to use the 1.618 extension, however, JCP retraced to the 50% level (not the 38.2% level) in this case.
Sorry for the mistake, check the chart in Day grain, mistakenly forgot to revert back from Weekly JCP has been licking the recent ceiling for quite some time, and ER is 20 days ahead. So far it looks like a major bearish pennant as it s formed on a/after a down trend. Yet still it is kind of out the major down trend. I guess either positive news, and most...
This is an assembly of several ideas, one from user littleriver, one from sublimares2, and a small observation from me. 1) littleriver provides an idea of the possible breakout if the stock follows the beam up 2) sublimares2 noted wisely the narrowing bear flag - and it is narrowing nicely within the beams noted by littleriver .Should the stock go into the...
JCP has a few things going for it. We have a nice Fib setup, if we can see some stability above 9.20, We could see the price jump up to 10.35. Also, this same level is the high from back in December. I usually love the 1.618 extension, but with so much resistance coming at the 1.27, i would be leary of pushing to hard for more money. Also earnings come out...
This retailer had couple dissapointing earnings before, but on the last it beat above consensus with EPS surprice 0.11 and gapped up with pivot support @ $7.00 that was confirmed and retested in the mid of April. And from the beginnig of May it is building nice upper-level base in front of resistance $9.30. Yeasterday, it broke up tight consolidation which...