krugman25

Nice hammer off of key support

krugman25 Updated   
NYSE:JPM   JP Morgan Chase
A hammer formed off of a key support level. A good trade from entering at the support level and holding until nearest major resistance level.
Trade closed: target reached:
I entered this trade as long stock somewhere around the 106.50-107 range and closed this morning @ 114. I had sold covered calls w/ 115 strike last week as I knew price would slow to give me a bit of downside protection. I was able to close both the stock and options for profit.
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.