Panjang
Long Position, need MFI to go into oversold territory
Looking at the monthly chart we can see the rise and fall of JCP 3 times over the past 2 and a half decades.
Indicators:
- The RSI has hit oversold territory for the 3rd time. In the past this has led to 100 - 400% gains within a few, 5-8, years.
- The MFI indicator has also hit oversold territory before the stock price rebound, but this time around MFI has yet to reach oversold.
- The short interest on JCP is HUGE!!! Approximately 57% of the float
These three indicators lead me to believe that a large rebound will be present in the next couple of years, say 5 - 10 years. Possibly on the shorter range considering consumer spending/confidence has been on the rise.
Current Price: $6.52
Prediction:
Profit Target: $40 (+400% gain)
Stop Loss: $5 ( 25% loss)
Indicators:
- The RSI has hit oversold territory for the 3rd time. In the past this has led to 100 - 400% gains within a few, 5-8, years.
- The MFI indicator has also hit oversold territory before the stock price rebound, but this time around MFI has yet to reach oversold.
- The short interest on JCP is HUGE!!! Approximately 57% of the float
These three indicators lead me to believe that a large rebound will be present in the next couple of years, say 5 - 10 years. Possibly on the shorter range considering consumer spending/confidence has been on the rise.
Current Price: $6.52
Prediction:
Profit Target: $40 (+400% gain)
Stop Loss: $5 ( 25% loss)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.