$JPM can this breakout holdOther banks are near a breakout point as well. Possibly looking at the big boy JPM and seeing if she can hold herself here. I hope so. Looks beautiful.
JPM trade ideas
JPM LONGentry 1: 156
stoploss: 152
risk : 0.66% of balance
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entry 2: 152
stop-loss: 148
risk : 1.33% of the balance
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JPM 4H - SHORTStock Market Trading is dangerous and non profitable for most of you out there. Follow signals, make money. Period.
How to use my signals?
LONG: Buy and hold as long as the price stays above the green zone.
SHORT: Sell and hold as long as the price stays below the red zone.
Triangle- Watching closelyWatching the financials closely in the coming few weeks, JPM closing on Friday sitting right on the 50day EMA and holding a little bull flag as well. will undoubtedly be a long-term play but definitely worth noting that there was a very clear bear flag on the XLF last week that could potentially continue to play out, so something to keep in mind. However, personally am bullish on financials here- Just some support and resistance levels to keep an eye on along with some RSI based supply and demand zones
JPM make it or breakGreat opportunity on JPM
Sitting at support from this triangle, if banks continue to be weak this week, there is a chance it will lose support and have a leg to the downside,
Another possibility is a breakout to the upside targeting ATH
JPM: Breakout to ATH again? JPM is starting to breakout here on the 4hr chart and is currently up about 2% on the day. We're breaking out of the wedge and it is trading above both moving averages. Monitoring to see if JPM can make a move towards $167, which is the all time high, 3%-4% upside per share.Also, it has hit FIB 0.382, the risky part that it might be a rejection in this wedge especially when market is flat or down. If it doesn't breakout this time, there is a potential that it will be in near future.
Long $JPM ( $QQQ $SPY $SPX )Financial sector is been performing strongly
Buy JPM on this pullback
First target 162$
JPM daily perspective and possible impulse coming.Today we will take a look at the JPM chart:
What are the main things we can see here?
a) The price is above the last support/resistance level.
b) The ascending channel has been broken, and the price is currently supported on the broken structure
c) We can see a complete ABC corrective pattern
d) Projecting a new channel assuming that the price makes a new ATH, we can see a convergence with fibo levels using the previous impulse
What conclusions can we take with this?
a) f the price reaches our green horizontal line, we will consider that to confirm our bullish view.
b) The targets we will be using are the two levels we have drawn using Fibonacci extensions
c) Ok, what happens if everything goes wrong? Our stop loss will be below the Corrective pattern.
d) If the setup is never activated and the price falls below the structure, we will cancel our view.
e) The risk we are taking on this setup is 1% of our trading capital.
f) This is another setup of the stock strategy we are applying on the markets. The expected win rate of this is between 45% - 55%, which means that we tend to be wrong half of the time. However, when we are right, we make around 1.8 to 2.5 times what we lose.
g)The expected movement can take between 150 - 250 days.
Thanks for reading guys!
JPM looking much better here.Right at pivot resistance after a breakout out last week. I'd like to see it rest for a day or two which would create a good R/R setup but may not get it.
JPM: Trendline brokeA call was given on 26th July, bought at 150.66. Profit should now be 110% of the risk risked. As the trendline has broken so we can expect some more momentum in near future, you may move your stoploss along with the price to secure your trade.
$JPMtresaruy yields as push need break level for me enter like break then test for support then continue
JPM ShortSeeing a beautiful Rounded Top / Head and Shoulders pattern on JP Morgan right now... Loving a short idea at these levels.
*Opinion only, not financial advice*
Hedging with short JPMWhen the market reached a (new) All Time High earlier today I wanted to get some short Delta in my positions. I learned my lesson during the 'recent unpleasantness' bottom of 7/19 that being all net long puts one at risk of volatility in a portfolio... even if the positions themselves individually remain strong and profitable.
This morning's volatility setup a good short entry on NYSE:JPM that by looking at futures this evening should hedge against tomorrow's potential downside.
JPMorgan to $80 by October 2022NYSE:JPM
Jamie Dimon and his army of minion traders at $JPM are printing the classic bear pattern of a H&S top (green). Measuring that formation, that should put us at a local bottom sometime in October.
From there I would expect the Santa Rally to be our retest of the neckline, before creating the base of the much larger H&S pattern in yellow. Measuring that pattern out gives me my price target of $80 when it is all said and done by October 2022.
And yes that is a price gap at $110 (purple box) that I expect to be filled in these moves.
- Penny
JPM | Looking for a sell-off to the 200-dayJPM might be forming a H&S pattern as detailed in the chart.
Strong support around 146$ could be tested by EOW, which will tell us whether we will have the luck of picking up more shares around 141$
Very bullish still on this name.
Good luck to all!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
JPM Great Entry Yesterday I briefed on JPM, stating that it was a potential buy depending on if it holds its support. It is holding it fairly well while also indicating some other buy signals. This leads me to conclude that I believe it is in a buy zone and has a price target of 160(upper Bollinger Band).
Bullish Signals
-Weekly Reduction in selling momentum
-Resting Around Fibonacci Support
-B% Is on the lower scale
Worst Case Scenario
If this does end up being a false buy signal then I'd recommend watching this stock for it to hit 140.
JPM Breaks All Time High, And Resistance LvL From Feb. 2020If you look at the chart, this level hasn't been tested since Feb. of 2020. Then if you go further back, you'll see that JPM has never really come up to this level before. I see this area, (around the 150ish level) becoming the new support. Good for a long position or perhaps an Option play if you like to trade futures, and know what you're doing. A safe bet is to just take a long position, I'd buy in as soon as possible.
WATCH JP Morgan(critical Point)JPM is in a critical state as seen by it resting at its Fibonacci support. It can either break to the downside, allowing for a entry at 140 or it may reverse. In order to conclude the direction that this stock is going, watch the daily and weekly for a turnaround via the MACD. A reduction of bearish momentum within the weekly and bullish momentum within the daily suggest a reversal.
-Bullish Price Target 160
-Bearish Price Target 140
