JPM has been in bullish upwards channel since it hit double bottom on Jul 20. Recently it is testing lower end of the channel, which is a good buy zone right now. Short term traders can play the channel lows and highs. Mid and Long terms investors can accumulate on channel lows. All bank stocks will run hot in 2022, as Fed starts raising interest rates to control inflation.
Note
JPM bounced off the support level beautifully for couple of consecutive days. With COVID news from South Africa, its testing back its support trend line.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.