There's your line in the sand. Between Hurricane Michael and the weekly and daily chart... not looking to good.
Easy to try and call bottom on a stock that looks as cheap as $JCP but the fact is they are still losing money and the downtrend is in tact. Look for a stronger retail player.
Based on previous candles throughout 2014-2015 this week's candle would indicate you can count on the stock to be up at least $3-5 next week.
That's a pretty defined channel. Needs 92/93 with volume to break out of that.
