mohnagi

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JCP 100% | 2
mohnagi mohnagi JCP, D, Long ,
JCP: JCP is it possible?!? may be.
120 0 1
JCP, D Long
JCP is it possible?!? may be.

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 ...

mohnagi mohnagi JCP, D,
JCP: J.C. Penny - The Battle of Retrieving the Broken Supports
104 0 0
JCP, D
J.C. Penny - The Battle of Retrieving the Broken Supports

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 ...

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