Razvan
Short

J P Morgan - Just Beautiful

NYSE:JPM   JP MORGAN CHASE & CO
369 9 1
What a beautiful reversal pattern! The Head and Shoulders will be confirmed by a daily close under 50$ per share. First target is at 46 bucks and full pattern's target is at 43$/share.
Today i view the same! and almost SHORT that. I will view tomorrow as developed it
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Good obervation. Not only JPM is in reversal but many stocks in XLF sector.
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Razvan sublimares2
That is very interesting...nice chart....I am very curious about the trading volumes..
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I rarely take into consideration volume unless is a spike- or something unusual happens or below avarage volume. The early signs of weakness for JPM were in September when failed to keep the tandem with XLF and other banks. MS and GS are the strongest. JPM is the weakest link:)
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Razvan sublimares2
Very nice view over this sector...you are right...so after yesterday's trading session the price got closer to the neckline.
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Indeed, price gets closer but I would like to see a confirmation break of 49.5 level and after the fake breakout of SPY- we might see it:)
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Razvan sublimares2
a breakout would confirm the pattern...we will see what happens until the end of this week.
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Very beautiful mr Razvan, but what about the FED?? The no tapper annoucement should be good for stocks.
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Razvan vlad.adrian
Should be good in general for the capital markets...but there many other factors that could drag this stock down. This is only the technical view :)
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