JPMorgan Chase trade setup
Possible entry level $123
Target price $129.35
Stop loss $120
Strong bounce off 4 year trend line
PLEASE GIVE US A LIKE IF YOU APPRECIATE OUR CONTENT
JPM trade ideas
Swing Trade or Weekly 138 PUTS - low cost, low risk tradeThis trade does not have strong signals for puts. Price is at top of cloud and 10sma is over 20, but 20sma has crossed below 50 (yellow arrow). RSI dipped below 50 on 2/18 and is back over today, which is bullish. If stock turns then RSI and Stochastic will both dip below 50 (green arrows)
That said, today's Fed minutes or any economic news (credit bubble, rates, repo lending, etc.) may cause selling after a strong run up and some claim stocks are "propped up" right now. I am keeping stock on watch list for a swing trade.
I opened weekly 137 puts at 37cents, and I exit position if stock trades over 138.50. Keep trade size small. If I hold overnight and stock opens higher I still lose only a small bit of principal. If stock drops back to 20sma or to recent gap, my return on capital will easily be over 100%.
Support and Rezistence analyse on 4H TF - JPM
Hi traders, here you can see the current analysis of support and resistance levels.
For the analysis I use both zones where the market has reacted several times at certain levels, but also volume profiles, higher TF analysis and one of the most important elements of my trading - the expected volatility analysis.
$JPM into earnings looks riskyThe financials have had a great run lately but are they carrying to much weight into earnings?
Upgrades galore and positive commentary may just be a sign that the hype is overdone,
Indicators on the chart have began to roll over and the stock has lost momentum and maybe Goldman Sachs recent recovery could be attributed to investors switching.
The 50 moving average $133.61 which could support any pullback while $147
JPM Dark Pool Quiet DistributionJPM has been running well over the past quarter. However, as the fractional and odd lot new investors buy, the giant Buy Side Institutions are selling. The white candlesticks over the past few days reveal just how heavy the Dark Pool large lot selling is, as the gains are below the previous highs. The risk is that the new investors may run out of capital, which could create a sell down at least temporarily.
