It's possible it could bump and see around 4, sure. But going long on a technical alone, without the fundamental understanding, is simply foolish.
The fundamental understanding is key if you plan to hold long. JCPs fundamentals have been a train wreck for years. It doesn't look like that will change anytime soon.
DISCLAIMER: ALL MY POSTS ARE MY OWN PERSONAL OPINIONS AND NOT RECOMMENDATIONS TO BUY, SELL OR HOLD SECURITIES. DO YOUR OWN RESEARCH/DD AND MAKE YOUR OWN TRADING DECISIONS.
People kill for money. What makes you think they will not lie to you for yours?