$JWN
Added 2024-10-28 19:41:40 +0000 UTCNordstrom is testing its breakout level at $24, as we approach the busy Xmas shopping period.
$JWN has been in this yellow channel since 2015, so I stress that you need to wait for a breakout and hold on the outside of the channel before considering a position.
If there is a firm hold here, then the Cup and Handle completes at $46, which is double the price now and may take until the middle of 2026 to complete.
