Even the most optimistic of people will find it hard to build a compelling case for the survival of NYSE:JCP. As sales have decreased the company have been battling the need to reduce debt while also closing stores. The downfall of OTC:SHLDQ really was the writing on the wall for investors in JCP and despite they best efforts the board, it has been unable to...
We have entered oversold territory where we have seen a previous large rejection from - Led to a 50% increase. After consolidating around 1.20 for a few session we had positive earnings that led to another 50% rally of 1.20. Even though earning where just negative this is oversold territory for JCP .
JCP have many bad fundamental and financial data, this company is currently holding a debt level at 4.02B, with An estimated $2.1B in loan payments come due in 2023, even Warren Buffett Avoid this stock.
But this company still in progress to climb up.
At previous earning, JCP surprise 0.20 (566.67%) higher than 0.04 estimated,
JCPenney plans to close 18...
This might not be the best idea ever because of the
- multi year downtrend
- earnings on 28 February and if it gaps down, stops are f*cked
But on the other hand
- it sure looks like an ascending triangle
We are gonna choose a direction, that's for sure..
Expect a 7% return on investment before the 21st of January if you buy on the 27th of December.
This is not trading advice. This is simply how I intend to trade JCP.
The will be no updates to Djinn Predictive Charts. This predictive chart was published last month.
Two different options scenario for JCP on chart, depending on taste, style, and whether or not you wanna play the Earnings Report, due Aug. 10. Indicators breaking out of resistance trend line prior to price action breakout. I'm in 18 AUG 17 C3 at .07 today, only 10 contracts. GLTA
Is JCP is a screaming buy? Sure looks like it. But is is really macro long, no, not yet. WE are just hit a really good support price line.
More growth is expected. If we drop low as 1.17 omg get some, but not sure if this is going happen any time soon.
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/...