$JWN - RC -
Added 2024-08-26 13:11:57 +0000 UTC$JWN has been in a decline channel since 2015 and needs to break above $24 to get out of this and show signs of a reversal.
There has been an arc developing since the end of 2020, which hit $13 in October and has been gradually climbing to $21.
Price is still above the 200 Day MA and the 50 Day MA, so bulls need to get this above $24 and hold and the Cup can complete at $46
There main issue is growth over the last 5-10 years and expected growth going forward
Any rejection at $24 and the moving averages will need to be used as support, otherwise $13 can be tested again, losing this level then would not be a good sign.
