DuncanParker
Short

The House Of Morgan Is On Fire

BATS:JPM   JPMORGAN CHASE & CO
121 0 1
News broke late this afternoon that JPM             could settle its claims for $11 Billion. Catalyst? Check. JPM             catapulted off of support aligned with the 200 Day Moving Average in today's trading. I'd like to enter short on a spike around $53 (gap fill) with a stop loss above the 20 MA on a closing basis. Should this trigger below support, it would probably be wise to take some profit between $46-$47 while we wait to see how the larger pattern is playing out. Should price blow through that handle, $44 seems the next logical stop. However, keep in mind this will invalidate the larger H&S Top pattern currently in formation targeting $35. Good luck out there!
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out