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J. C. Penney Company, Inc. Message Board

  • grump430 grump430 Oct 21, 2013 11:33 AM Flag

    maturing chart

    The chart is developing to complete this selloff. We're watching todays action to develop into a possible abandoned baby, doji or morning star among others.
    Since the stock lost support its gone down hard for 20 days which dovetails into the above observation.
    Todays close can be crucial, as we're anticipating a reversal.
    Admittedly the risk is to be early, so the first higher low off a reversal is the preferred entry.

    Sentiment: Sell

7.04-0.45(-6.01%)2:49 PMEST