JP MORGAN Buy signal triggered.
JP Morgan Chase crossed over the MA50 (1d) and despite the intra day pull back, it is considered a bullish signal.
This came after the price hit and bounced on the MA200 (1d).
That was the bottom of the 11 month Channel Up.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 157.00 (under the Resistance, same with the April break out).
Tips:
1. The RSI (1d) also crossed over its Falling Resistance. Again similar to April's fractal.
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This came after the price hit and bounced on the MA200 (1d).
That was the bottom of the 11 month Channel Up.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 157.00 (under the Resistance, same with the April break out).
Tips:
1. The RSI (1d) also crossed over its Falling Resistance. Again similar to April's fractal.
Please like, follow and comment!!
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