RASA38

JP Morgan Chase Capital XVI ETF (AMJ) Ascending Channel

AMEX:AMJ   JPMORGAN CHASE & CO. ETN 24/05/24 ALERIAN MLP
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JP Morgan Chase Capital XVI ETF ( AMJ ) , temporality: 3M
An uptrend channel is shown between 02 and18 jul 2018. A trend line is drawn touching the lows of the chart at support levels. Then a paralel lione is projected to the peaks, forming the channel with a positive (ascending) slope. Note that support levels doesn´t go bellow prios minimums as well as resistance levels become higher as the channel ascends. Rupture became bullish ; despite there is a gap, you can see a significant rise in price and volume .
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