Daily Bullish setup of JPM who benefits from the yield surge!
US 10Y yield has been surged for a few days. I mentioned why I'm bullish in the related ideas almost one month ago when the price of JPM sat around 150.
Now, it's 160, not bad compared to Tech stocks! It's necessary to include stocks in the banking sector under such circumstance.
As inflation is still low, I recommend to buy the dip until late Q2 when we might see inflation surpass key levels.
Now, it's 160, not bad compared to Tech stocks! It's necessary to include stocks in the banking sector under such circumstance.
As inflation is still low, I recommend to buy the dip until late Q2 when we might see inflation surpass key levels.
Trade active:
Alright, price retreated to my previous marked zone. On the 60m chart, it looks good!
Comment:
It rebounded from the zone on the daily chart.
Comment:
It looks good.
plan your trade and trade your plan
