Im buying more shares here around 12$.
I will keep buying bellow 17,5$. Will hold think company can turn profit after pendemic goes out of our minds. Potential 35-40$ by the end of 2021.
Nordstrom has been a big loser since COVID-19 and is on a long-term downtrend. However, it's been on a short-term uptrend since late August and just blew through its July highs. The next objective will be the early August highs around $17.50. Our goal is to ride the short-term trend for as long as it lasts during September and October. We don’t want to own this...
As you see it is in its support now. Let's wait couple of days and place swing positions.
JWN breaking out of a steep falling wedge before earnings coming out this week. MACD showing bullish signs with golden cross. Wait for RSI to reset below 30 for entry.
Hey guys, been watching since last week as nordstrom started to beak out from recent lows and seems to be following the trend pictured. Based on a 30 day close RSI I believe that the price can continue to follow this trend to $21, more conservative amount $19, if it is able to pass the resistance at $17.82. MACD is also cycling back into the green, price should...
layoffs coming, buy @ ~ $12 in theory, should see 30 to 40$ a share peak assuming market response is appropriate for good long profit.
I have been trying to simplify my charting as of late. Fewer Indicators. Less advanced Math for the moment. Trying to Gain perspective. Here is a Chart of a Trade I like. Nordstrom is 5* rated Morningstar, and A-rated Profitable company. There is a very large short position ... slightly better than 30% of the Float. JWN has traded between 15 -16 since late June...
After breaking through he last support structure shown in my last analysis, JWN has also confirmed a heads and shoulders, we expect JWN to continue falling into the next fib retracement level, if it breaks that, there are a few more support level with the strongest at around $13 where the recent low was before it started making the run up past $20. Head and...
JWN is currently at the bottom of the channel it has been in this quarter. If the greater market continues its trend, JWN is expected to bounce off the bottom of the channel. If it breaks below it, we may expect to see a sell off. With a recent red day yesterday, it's hard to know where it is going for the next two weeks.
Base on technical Analysis - prices moving inside the channel - it seems that there might be an opportunity to go long
We got in on 5/29 and have just increased our position from today's dip. Look for it to fill the gap from 5/28-5/29. Nothing wrong with waiting for this gap to fill before entering.
Really high short interest of 31% could produce a substantial rally. IT is a high risk trade as in good times the stock was performing badly. RSI in strong reversal MACD and Histogram bullish. Volume increasing. Price volume resistance is low above $23
Solid retail company -- fourth quarter earnings crushed analysts' estimates and has refocused business plan to compete against Amazon. Also forming ascending triangle pattern. Look for the break over $63.00