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$JCP Bullish Descending Wedge (daily chart)
JJCP looks like a good buy here at these levels.
1. Price and Valuation (historical long-term support levels all the way back from the 80's)
2. Large short interest (looking for a nice short squeeze soon)
3. Overall people are freaking out / emotional.(people actually think JCP could go bankrupt in 3 months)
So I am going to take advantage here and buy.
1. Price and Valuation (historical long-term support levels all the way back from the 80's)
2. Large short interest (looking for a nice short squeeze soon)
3. Overall people are freaking out / emotional.(people actually think JCP could go bankrupt in 3 months)
So I am going to take advantage here and buy.
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