Chart above shows, Weekly JC Penney Stock share. As chart show, weekly level 6.1600 has been holding the price since 1999. The clear weekly range, the price is going to react again from the level. This is the time to buy some retain stock share. Great risk to reward, and very good time to add some retail industry into portfolio.
Today`s best offer is the Amazon stock. This is the very good opportunity to buy, overvalue stock like Amazon. In the chart above you can see the price broke above the previous high point ( $845 level), and pull back to it and now $845 is the best price to go long on this stock. let`s take some Amazon share here. Stop loss set at low as 1% of price share price in $835. very convenient price is n`t it? I should tell you all the stock charts and trades are in the Daily time frame, and obviously it takes weeks to see the result. In this case take profit at least sit on the %8 price move, and based on the price movement maybe change to be an open target position.