JP MORGAN to rise at least +14% on this rally.
We haven't looked into JP Morgan Chase (JPM) in almost 6 months (March 25, see chart below) and the excellent sell signal it gave us:
That was right at the top of its 2-year Channel Up. Right now we have the price rebounding an pricing a Higher Low on a shorter-term Channel Up since the March 25 High. Being still below its 1D MA50 (blue trend-line), gives time for an early buy.
The minimum % of a Bullish Leg within this Channel Up has been +14.07% so our Target is at $229.00 accordingly.
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That was right at the top of its 2-year Channel Up. Right now we have the price rebounding an pricing a Higher Low on a shorter-term Channel Up since the March 25 High. Being still below its 1D MA50 (blue trend-line), gives time for an early buy.
The minimum % of a Bullish Leg within this Channel Up has been +14.07% so our Target is at $229.00 accordingly.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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