May 28

JCP long term bottom looks like intact

I’ve made a chart and recommended both in live radio and room to buy stock at 5.5$ few months ago , and I thought that 5$ marked a long term bottom.

I still believe this is the case and since then JCP has rallied up to more than 100% from the lows to hit 10$.

Short term it might be a in a “pullback” spot so wont rule out it could retest some support around 6-8 in the near future, but if it does I think thats a great spot to load up more JCP for long term investment. JCP could easy see 14-15$ in the future and I wont rule out even 20$ is possible.

So this is one of the few larger cap stocks I like in the US markets.


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