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Analysis: #NYSE
Case 430 #Nordstrom Inc.
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
#JWN 1/4
Case 430 #Nordstrom Inc.
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
#JWN 1/4
Chart 1
Monthly Chart: Long term #bullish control was lost in Apr. 2019 with the close below the #SMA 200, then in Q1 of 2020 saw price crash lower finding #support at the Fib. 0.886 at 13.30. Block buy orders positioned at 12.47-10.27 and 7.73-6.56 with 1990 .....
JWN 2/4
Monthly Chart: Long term #bullish control was lost in Apr. 2019 with the close below the #SMA 200, then in Q1 of 2020 saw price crash lower finding #support at the Fib. 0.886 at 13.30. Block buy orders positioned at 12.47-10.27 and 7.73-6.56 with 1990 .....
JWN 2/4
..... #trendline support at 8.26 and Nov. 1990 #pivot at 4.50. To the upside, strong selling pressure can be seen throughout, beginning at #Fib. 0.786 and synthetic at 21.18/61 then block sales at 25.97-29.34 and above 2018 trendline #resistance at 31.26.
JWN 3/4
JWN 3/4
