JPM contrarian earnings tradeJPM is coming out with earnings on Tuesday the 16th. A lot of people are HEAVILY bearish on financials. But how bad are the banks really when they are raking in money from the PPP programs? Not to mention all of the bad loans the Fed is taking off the books? We could see a big pop up after the earnings call. I will be out if nothing happens after earnings. Aug 100 and 110 calls.
Cheers,
-Sherem
JPM trade ideas
JPM and other banks BAC C needs to catchup in rally $JPM Reports tomorrow. Pinned right between VWAPS from recent high and prior highs. If the earnings were half decent this can run. Big tech did take lot of oxygen from banks now they can take breather let the other sectors participate in next leg of rally. $101->$105-->$115
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 New bullish sign ahead of earningAhead of earning next 14 th july, JPM is about to start a new uptrend, at least towards the key level of 105 -102 (61,8% and 50 % of the last move down).
The moving averages 20 overpassing the 50 with a macd showing a reversal, are strong signals to believe in this upstrend.
Good luck
JPMORGAN STOCK PRICE COULD NOT BREAK SUPPORT AT 91.40JPM stock price has been testing the support level at 91.40 & each time the level is tested, it is met with bulls. Last week Friday bullish reversal looks phenomenon with good volume accompany the rise in price. This is the time to push the price above 100 in the coming days...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
$JPM Upside Reversal Targets JP Morgan
Point of Control held firm as support last week under some very
strong selling pressure.
Local downtrend broken premarket so lets see can the stock
sustain the gains.
$98 & $100 are significant levels of resistance | targets.
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