ChemistNate

I like JWN at 14.13

Long
ChemistNate Updated   
BATS:JWN   Nordstrom, Inc.
Nordstrom is still a profitable company, even if middle-class retail continues to evaporate.

It has BIG SUPPORT at this level.

Has a tendency to jump up from this level.

COUNTERPOINT: No real idea how many people are willing to buy/sell at prices lower than this; sub-14 hasn't been seen since late 2020.
Comment:
I never made a play on this.
I would have been too impatient anyways to let this materialize.
NOTE TO SELF: Buying at 14.13 would have yielded me a 34% return in 3.5 months. PATIENCE is what I need to work on in 2024.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.