JPM trade ideas
$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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JPM back to 100basically this channel that it is in wont be held forever. once it breaks out then it is taking off for a small gain of 8. play it smart and just monitor it.
CHASE ANALYSIS 15 MIN (BUY) a good sign to Buy chase stock ,please support our work by smashing that like button or following!
Buy JPM in hopes of range breakout? Or sell as correct continuesInterested to see how this Fib wave plays out. I'm actually rooting for $JPM and want to get long but want to buy when it's starting to smooth out again, it's hard to say where this correction will end. Those green candles on the daily chart are damn tempting though.
$JPM bearish bat developing$JPM currently painting a falling wedge reversal pattern that should sen price action up toward the .886 which is the pattern reversal zone for the bearish bat thats developing
Needs to go down a smidge moreEarnings will dictate movement past initial down move.
not financial advice.
stay safe.
Jpm 1 hora compresionEn TL bajista con target 88,50 que deberia cumplirse hasta 2/7. Luego deberia hacer un pullback a la zona de los 97
Si el 30/6 cierra x encima de 93,70 sale de la TL.
ABC Pattern (Bullish)Perhaps Value and the old stocks we love are trying to come back? Market has been "different" to say the least and have found it difficult to go with what has been popular since the Corona crash. I do not think all the old winners are going away, they are just taking a breather perhaps.
JPM has fallen out of the rising wedge which are often bearish, so I feel it is becoming a safer trade.
Possible Entry: 98.5
Stop: Below 94
Target 1: 114 to 120
Target 2: 130 to 135
Be safe and good luck!
JPM Head and Shoulders SHORTLooks like a failed retest to me. Expecting to see low 80's as early as next week.
Great day to buyJPM is the best bank IMO and that is why I don't touch XLF, although I love XLE.
Great entry point for a long position that follows the trend line.
$115 price target by September.
JPM Potential Rally?Good evening/afternoon/morning traders,
Bullish engulfing candle and potential MACD hidden bullish divergence were observed on the daily chart. Another wave up to the upper boundary/resistance soon?
Please leave the comment and like if you're interested in this idea. Will keep updating.
HakoneDream
Short Term PUTs on $JPM - Head & Shoulders Pattern JPM has a clear H&S pattern formed on the hourly chart. We are waiting for confirmation of the neckline breaking now with volume. This confirms a significant downward move in the short term. I have started a small short position in 6/26 & 7/2 $90p. Hedging these with longer dated 105 and 110 calls. Will scale into the short positions once the move is confirmed, and then look for a reversal to move profits into calls.
Bullish despite risk of a second wave!Welcome to an analysis afer a three-months-break.
This Time: JPMORGAN CHASE & Co.
Technical:
Flag: Bullish
Fib: 50% Retr. -> Bullish
RSI: Bulllish
MA 200: Bullish
Fundamental:
I have to admit that my concerns concerning a second wave of coronavirus where quiet big. But i personally think that even if there will be a second wave (small chance) that most of the traders worldwide will consider it as not that dramatic because the government gained experience.
And they just think that the coronavirus isn't that devastating.
Best Regards
Christian Georgi
(Sorry for any writing mistakes!)
JPM Still shorttapping the underneath of the strong trend line that has formed
rising wedge has also formed
"BANKS ARE IN BETTER SHAPE THAN IN 2008"?YOU WILL HEAR FROM VIRTUALLY EVERYONE THAT "THE U.S. FINANCIAL SYSTEM IS BETTER CAPITALIZED THAN IN 2008"!
IF THIS IS THE CASE:
1) WHY DID THE FEDERAL RESERVE HAVE TO REMOVE RESERVE REQUIREMENTS?
2) WHY HAS THE FEDERAL RESERVE BEEN KEEPING THE REPO MARKET ON LIFE SUPPORT SINCE MID-SEPTEMBER?
3) WHAT % OF FINANCIAL ASSETS ARE OFF-BALANCE SHEET?
4) WHAT % OF LOANS ARE AT RISK OF DEFAULT WITHOUT FED/GOVERNMENT INTERVENTION?
5) WHY ARE FINANCIAL INSTITUTIONS REFUSING TO ENGAGE IN LOAN PRACTICES WITHOUT FULL GOVERNMENT GUARANTEE?
6) WHAT ARE THE BIGGEST BANKS' EXPOSURE TO DERIVATIVES?
7) ARE CREDIT RATINGS ACCURATELY DEPICTING RISK?
THE ANSWERS TO THESE QUESTIONS PAINT A CLEAR PICTURE: HELL NO!
JPM likely forming an H&S patternThe formation of H&S is underway, watch out for the break down below the neckline.
Disclaimer: This is not an advice to buy or sell!!
JPM SHORT IDEA JPM has head and shoulder pattern.the stock has earning in july 14 and if overall market trend is not clear.the stock is in downtrend. i think is a good short oppurtunity!
if you like the idea ,please don't forget to press like button and comment below for any questions.Thanks
JPM - caught in 2 mindsI'm not sure if my red count wave 1 can really be labelled as a leading diagonal or not but it is the only way that I can justify the bullish count for JP Morgan. Personally, it looks more like a 3 wave ABC to me and so I prefer my bearish blue count and taking the view that this is a downward ABC correction. Which is the right answer? I wish I knew.
