4JPM trade ideas
JPM---Back to 104 at a "BEAR" MinimumIt does not matter how you look at it; even if you believe it won't break-out from the neck-line--which also happens to be the breakout point from triangle that has been forming for months--even if you don't buy that, at a bear minimum the right shoulder formation will complete and it's back to 104 in a lick.
In my opinion, this is about as clear cut as it gets for a pullback of this kind....Big money geared up to buy into value. GOOD LUCK!
JPM 11-02-2020JPM is in a gap up after three days balance, eventhough, Friday´s structure is poor, for that reason if we have an opening drive go with the trend above 98,42 and the odds to fill the gap (99,16) are huge , if we get in previous range again at the open i am expecting 96,23 will be repaired
JPM - Elliottwave analysis - Bear caseJPM - It is in complex WXY correction, where last drop was wave A of Y of (Y) wave down. It started B wave correction up, which might end near 100 level and thenafter expected to reverse down in C of Y wave down, which might go below 91 level.
Give thumbs up if you really like the trade idea.
$JPM JP Morgan Long Above 200MA
Clear market rotation is taking place from growth to value.
European banks are surging today so lets see can its American counterparts
continue higher Friday.
JMP sits just below the 200ma, a break above could bring a nice rally.
$105 is a critical pivot level to break, opening up a rally to $115
JPM - SUPPORT / RESISTANCE - BUY OR SELL 10/20 AM?JPM has formed solid support and resistance within the same levels as experienced in late August through mid-September. As the chart states, if the price breaks below the 99.70 support line then it is likely the price will retrace to former, lower support. If the price stays above the line then its possible that it will retest 102.60.
Or nothing could happen...
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