Jpmorganchase
The chart doesn't lie, Bullish Flag breakout for JPM? JPM is noticeably breaking the downward blue sloping resistance of a possible bullish flag, notice on the RSI we have already seen a breakout of the pattern and a re-test of old resistance turning into new support, very bullish.
Not a big fan of JP Morgan, only for bashing Bitcoin, other than that, they have the FED in their back pocket, DON'T FIGHT THE FED, FFS!
Or, did the FED bypass banks with a digital USD?
Time will tell, but the chart is bullish, stonks only go up!
JPMorgan: Good report, indicators say the opposite.Despite the excellent earnings report released yesterday that showed the company hit the forecasts, our indicators, based on technical analysis only tell us that the stock in its the way down.
According to the MACD, we should see a sharp drop by the end of the week also, the RSI doesn't say differently.
The bottom line is the same: For the long run JPMorgan is certainly a-must stock in every portfolio but, it can be a bad entry point.
Trade safe
JPM_Base of Wave Three has arrived. BULL MARKET LIVES!There are a lot of different models for this, and It's hard to determine, but some of the models I have seen have the first wave forming at the first high after the covid sell-off (96.55), but I consider that cluster part of market chaos/confusion and consolidation and therefore part of the formation of wave 1, wave 1 saw the highs of 115, initially I believed, the pullback of wave two was ending at the end of July/Beg. Of Sept---but now I think it extended lower in what seemed a long and torturous wave…but! Just over the last 1-2 days the base has started to form and we are beginning wave 3, which will likely back shortly 115 (earnings?), then a wave 4 pullback will be swift and decisive (opposite of wave 2—as per the typical convention of these waves) after which JPM will progress upwards towards a level that will surpass their ATH…which, could even come sooner than later...Post election might see an end of short wave 4 pullback and final wave 5 going into the new year.
Regardless of the exact trajectory the waves take, I do believe Banking is showing signs of rotation---not necessarily reflective in a price extension at current, but by the signals that other sectors are taking a breather, and the banks are slowly creeping out of consolidation and in an upward leaning trend.
Possible Head & Shoulders for JPM?JP Morgan is under pressure, and rightfully so, considering they've been caught with their hand in the cookie jar, once again, ahhhh the blasphemy!
I always find it ironic when the same banks calling Bitcoin a fraud get caught for fraud or money laundering, it strengthens the argument for Bitcoin every single time.
Possible H&S breakdown, bearish cross on the KST. I zoomed in on the KST so the bearish cross is noticeable, but if you zoom out there's a noticeable H&S pattern.
Descending Triangle on the RSI, similar to the blue pattern in the price action, potentially double bearish confirmation.
The FED is busy saving the DXY & trying to prevent the USD from losing world reserve currency status, so maybe they'll let assets decline until elections are over, who really knows? But if the USD collapses I don't imagine all assets prices will increase, it could get fugly.
JP Morgan $JPM$JPM is still in bearish channel even though it is just above the 50SMA which is good sign for future trend. I would expect to hold above $115 before get in.
12 months Consensus Price Target: $111.99
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JPM Heavily Oversold on the 1H, Breaking Fibonacci Levels $JPM The hourly chart on JPM suggests heavily oversold conditions. The price recently crossed the lower Bollinger band (with Standard Deviation set at 2.5), and RSI(14) is below 30 (closer to 25). Moreover, the price has retraced and broke through the 0.5 Fibonacci line around 99. Next Fibonacci support level is at 95. I already bought at the 0.5 level (at 99). If you also bought I recommend hold, but if you did not buy watch price action in the coming days, a nice entry level might be closer to 95.
Will JPMORGAN continue climbing to historical summit?The movement of stocks is known in the past days, a strong movement in all sectors, even the financial sector knows a strong movement and among them the JPMORGAN CHASE & CO after the stock bounced from a weekly trend
The stock formed a classic triangular, and it was able to penetrate it with a respectable volume, and with a price gap.
The stock will currently try to descend towards the upper side of the triangle to retest at 105, which is a good opportunity to buy by targeting the top at 135.
#Daily: JPM gonna riseJPMorgan Chase & Co. CEO Jamie Dimon spoke during the Deutsche Bank Global Financial Services Conference Tuesday and argued the bank's stock is "very valuable" at current levels.
The price broke the $99,45 level. Long on retest of $99,45 or $103,11. Targets: $112,63, $125,73.
Earlier: Trump and SP500
CLEAR ascending support on JPM - and we are lazy at it right nowAscending support on JPM - some will also identify the pivot highs calling for a triangle pattern.
Keep an eye on this support level if the market gets weaker - looking for things that were already lazy when the market was strong... looking for those to then get even weaker when the market gets weak... this is a good way to find intraday setups!
Hope this chart perspective helps the community
xeenos trading - sending positive energy to all those watching.
WOW - Remembering all Mr. PresidentsLmao, I did not remember this. It's from long time ago trying to understand a little bit more this bank. Maybe is something irrelevant but it could be helpful to feed the curiosity some people still have and expand their knowledge with a better research. Also if i lose this idea again for some months I'll know where to find it now.
There I tried to find correlation between democrat presidents or republican and the action price development from that far, just for educational purposes like I said. Just to be able to dig a bit more and find political causes related to the historical growing of one of the biggest banks on Earth.
I found this when I was checking other "too big to fail" banks recent movements, to check the impact with all this infinite stimulus have been announced almost everywhere, and anyone with sufficient authority is printing money now. What a mess, isn't it?
Please hope you find your own conclusions from here, always keep that curiosity... and doubt.
Thanks!
JMP technicaly based forecast
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I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 JPM technicaly based idea, technicaly indicators showing we can expect higher recovery phase, global economy is in slow phase of recovery, we can see price is near to break FIBO 0.382 in this case FIBO 0.382 is and support zone, expecting to see break ad higher push in price till FIBO 0.6 or till trend line.
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