ArturoL

Who likes banks?

Long
ArturoL Updated   
NYSE:JPM   JP Morgan Chase & Co.
The chart is very explicit. Price is forming an inverse HS at the trendline support. It can break out at any moment, today, tomorrow but soon. Even if the price is pushed back I wouldn't close the position. That trendline is very strong and most likely to try go higher again.
Comment:
Well, it didn't go the way I expected, but the price just hit and important support, I may add actually but I'll wait unit next week:

Comment:
Looks explosive, let's see how it closes the weekly candle:


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.