JPM Defensive stock!Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) just revealed its recent stock moves and the “Oracle of Omaha” is making a big bet on financials. During the third quarter, Berkshire Hathaway snapped up a new position in JPMorgan Chase (JPM) of 35.6 million shares, making it the 10th largest stock holding. It’s notable because the 88-year-old investor has publicly praised JPMorgan’s CEO Jamie Dimon for years, but had not owned the stock. A huge fan of Dimon’s annual letter, Buffett told Yahoo Finance’s editor-in-chief earlier this year that he made a “mistake” not investing in the bank’s stock. “I should’ve ,” Buffett said at the time. “Very obviously. I mean, it’s been a terrifically run operation. And it was very cheap, just like a number of others were.”Longby ShukriMahadiPublished 1
Short JPMBearish sentiment continues for me on a macro level mid term. Playing the idea that we see a strong downward move over the next few days on JPM, and we may get in early here. There is a chance for continuation of uptrend however. Stop protection in place. Shortby DefineRiskUpdated 2
JpMorgan Possible Reversal Zonebullish demand may show up at this support level Longby TradingMulaUpdated 6
JPM double top? Death cross?Not much new to report from a TA standpoint. I am still holding puts. Shortby AidanMcCarthyPublished 3
BUY SignalMultiple bottom area looking good for a swing trade or long term hold into the relief rally.Longby stockniquePublished 4
JPM 10 MONTH RECTANGLEBecause of global rout of equities, this rectangle can play out as reversal pattern. Watch out. by alik472Published 2
JPM daily shooter after ER, a XYAB and demand zone combination!JPM has a daily shooter after its earning report, also, there is a XYAB and demand zone combination. If it's able to break to the upside, it'll be a very worth-taking long trade opportunity! While, as the market bounced so much yesterday, to form an inside day actually showed significant relative weakness. But after all , if it still can break the shooter to the upside, I'll be interested in the long yo! Let's see how it goes!Longby Trader_Joe_LeeUpdated 334