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GravityTrades

JWN Possible Long Trade Here?

Long
Nordstrom, Inc. (NYSE:JWN)  
GravityTrades  
NYSE:JWN   Nordstrom, Inc.
Trend Analysis Technical Indicators Chart Patterns technialanalysis LONG Bullish Patterns
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trendanalysis indicator chartpattern technialanalysis long bullish
JWN IS STARTING TO LOOK LIKE A BUY HERE!

  • SUPPORT RIGHT BELOW AT $35.03 AND A NICE BOTTOM WICK BOUNCING OFF ON FRIDAY.

  • SETTING UP NICELY TO BOUNCE AS LONG AS THE MARKETS CONTINUE HEADING UPWARDS AND CAN ALSO GET A NICE BOOST AS A RE-OPENING TRADE.


  • IF IT FAILS TO HOLD SUPPORT OF $35.03 I THINK IT FALLS INTO A DEMAND ZONE AND MAY TRADE SIDEWAYS SOME BEFORE POPPING HIGHER AGAIN.


  • WATCH THIS TRADE THROUGHOUT THE WEEK AND IF WE SEE BULLISH MARKETS I THINK WE CAN SEE JWN SEE A NICE PUSH HIGHER OFF OF THIS SUPPORT.


  • UNDER $32.90 I WOULD CUT THIS AND MOVE TO A DIFFERENT TRADE UNTIL IT GETS BACK DOWN TO $28.50 -> $29.50 CONSOLIDATION AREA.


NOT FINANCIAL ADVISE ONLY SHARING MY OPINION AND IDEAS ON STOCKS!
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