Expect we partially recover from the weakness over the last day. Prior support around 53 may serve as resistance. And then a lower low, hopefully down to 48.5.
Earnings, New Season. Twitter @Dante_Palazzolo NYSE:JWN
$JWN descending broadening wedge on daily. But can it break the 200?
Chart is projecting a bullish move and accumulation has begun. Short sellers will soon be unloading and pushing price higher. $62 will be the short term target and price could eventually re-test $82 within couple of months Trades are derived using Sudden Upswing Pre-Alert System * Created uniquely by SureFire Trader * Uses powerful algorithms and very own...
stoc crossed volume confirm-group weak-stop loss 50 ma-cci and percent r bottom-relative strength weak
JWN maybe come back for breakout to close the gap. Wait for signal to call options. Target 61.
JWN is in a solid uptrend with the MA's lining up parallel since quite a while. Since breaking out of its last consolidation, it rallied up about 13%, before consolidation again for just short of 3 months. It broke out on a very bullish day with huge volume and has retested the prior resistance. It's now forming what seems to be a bull flag, with a nice volume...
Closed above the all time high. Good volume, good candle.