JPM trade ideas
JPM - Inverted H and S on monthly, Weekly quad topEarnings July 16 before open, 9000 7/26 $116 calls bought last week and still in OI. Inverted H and S on monthly, Weekly quad top. Stockcharts july seasonality for jpm and banks are 100%
JPM EarningsEarnings will catapult JPM into 116's or 117. It should exceed earnings. buy calls for 1-2 weeks from now!
Daily JPM forecast analysis08-JUL
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Falling section of high risk & low profit
S&D strength Trend: About to begin a downward trend as a rebounding trend gradually gives way to increasing limited rises and strong falls.
Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening selling flow when stock market opening.
read more: www.pretiming.com
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.4% (HIGH) ~ -0.5% (LOW), -0.3% (CLOSE)
%AVG in case of rising: 1.4% (HIGH) ~ -0.1% (LOW), 0.9% (CLOSE)
%AVG in case of falling: 0.5% (HIGH) ~ -1.3% (LOW), -0.8% (CLOSE)
Possible JPM SHORT... (maybe?)There may be a potential sell to ride the next wave down for JPM; seems like a double three pattern may be happening at the moment. Currently, it will (probably) undergo its Wave C of Wave Y (I'm not sure, just speculating). A bit tricky on where it would end; i) could potentially push price towards its previous low or lower (around 92.00); or ii) fall short and make a triangle pattern. Just have to wait and see. Price has also broken its higher lows, and has been currently testing its breakout.
P/S: still learning, but its worth to take look at this pattern. I could be all wrong. ;)
Daily JPM forecast timing analysis by Supply-Demand strength20-Jun
Stock investing strategies
Investing position about Supply-Demand(S&D) strength: In Falling section of high risk & low profit
Supply-Demand(S&D) strength Trend Analysis: In the midst of a downward trend of strong downward momentum stock price flow marked by temporary rises and strong falls.
Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening buying flow when stock market opening.
View a Chart with Supply-Demand(S&D) strength forecast: www.pretiming.com
D+1 Candlestick Color forecast: RED Candlestick
%D+1 Range forecast: 0.0% (HIGH) ~ -1.2% (LOW), -0.9% (CLOSE)
%AVG in case of rising: 1.4% (HIGH) ~ -0.2% (LOW), 1.0% (CLOSE)
%AVG in case of falling: 0.4% (HIGH) ~ -1.3% (LOW), -0.8% (CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
Down to 107 (Fibo line) and bounce back laterDown to 107 (Fibo line) and bounce back later to 117 (upper Fibo line)
60% probability. Else: do not go down to 107 and flies straight to 117.
$JPM bullish pennant in play$JPM broke out of his bullish pennant and it setting the numbers higher. New ATH incoming?
JPMORGAN CHASE (JPM)(NYSE) Sell $113.73 >>> Target $106.74NYSE:JPM
JPMORGAN CHASE & CO
Stock - NYSE (USA)
Profit:Risk = 2.24:1
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Sell = $113.73
Take Profit = $106.74
Stop Loss = $116.85
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Take Profit = +6.15%
Stop Loss = -2.74%
JPM inside day after earnings! It's earning season again!
There will be plenty of inside day after earnings trades and this one will be the beginning!
Basically I would only want to take the breakout long in these mega banks,
even if it breaks to the downside,I'll also pay attention to the 106.25 demand zone long!
Let's see how it goes!
