JWN has been consolidating for about 14 months. It's getting close to the bottom of the triangle. Only time will tell to see if it holds $20 or if it falls thru and continues downward.
Downtrend Channel touch, Bounce back to supply Zone, 1st Trendline break+ retest, 2nd Trendline break, GAP down and run, Earning: 8/22/2022 Est. 0.82 Short 24.5 Stop 28 Target 20, 12 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1%...
A large broadening wedge has formed showing three distinct tops initially This recurring pattern can be seen in red with the last top yet to form With this top to form a large bullish move is required Similar bottoms can be observed also along the bottom dotted line re-emphasizing the pattern 200MA for further emphasis
Bear market is here and we are seeing swings up & down today. Nordstrom reporting earnings willthey go up or tank?
Whats The Plan/Trade/Thought I had filled my Macy’s trade first but as I was looking at the charts I realised that it was possible for me to create some sort of a hedge with JWN and M (one being Puts, the other Calls). JWN similar to Macy’s has strong S&R lines at 30, 26 and 24.19 As I believe we are in the ranging situation. I expect the price to drop or go...
Nordstrom, Inc., a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded stores and online at Nordstrom.com; TrunkClub.com; Nordstrom.ca; Nordstrom stores; Nordstrom Rack stores;...
i honestly just marked it up and havent been keeping up with the news. Don't trade if you don't know what you're doing lol. This is just how i see it
Decision to Buy. Entry Price: $24.78 Stop Loss: $22.84 Target Price: $26.14
Whats The Plan/Trade/Thought I identified this trade by looking at Finviz Groups and shortlisted the mid volatility Industry players (1 Month bull, 2 - 1 Week bearish). This was because I wanted to be trading in industries with less volatile price movements. Previously for the past 4 months I have been trading in industries at the forefront of any movement....
Just something to follow up on. Bullish at the moment but this is just a thought.
posted thu trade on twitter b4, got thu 30 PUTS in this trash, way overdone moronz think they cured cancer
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The asset has now arrived at a point for a bullish swing as it has held the current lever with good volume. With the price action out of the second wing of the Bullish Gartley, we can see the bullish momentum with the higher lows formation.
Just my analysis on JWN, I have a few calls already. Hopefully it plays out! Don’t know what else to say. Low Risk High Reward
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If trends can hold we are likely to see a gap up from Nordstrom to the long term 500 EMA. With Nordstroms deal with Fanatics along with Macy's blowout, I can see a potential for a nice gain post earnings call. Potential buy in strategy would be to dollar cost from $36 down pre earnings.
JWN: I saw a big drop on the JWN on 9/30/21, and that create a great dip buying opportunity. First. It looks like there is a strong support at $26. Daily chart shows a possible rebouce up to around MA 20 (MA is Moving Average) area next week. Weekly chart shows JWN is still on the uptrend as long as it has not break $26. That says, if it break below $26,...
Watching JWN closely here especially with the expected acquisition news- Personally am bullish and will be watching closely for a breakout (Broader Market Conditions Permitting). Just some FIB levels and RSI-based supply and demand zones to keep an eye on- - Possible cup & handle forming - Bull-flag on JWN's yearly chart - Gap to fill on the upside