vlad.adrian
Short

JPM - Double top at all time high

NYSE:JPM   JPMORGAN CHASE & CO
161 4 5
This here is the monthly chart that sees JPM             at the all time high
snapshot


The weekly made a false breakout above the all time high in March, and I believe it is making another one right now, combined with a false breakout over this possible double top formation. You can see a long lasting class A triple bearish divergence on the MACD lines. The pattern on the Weis Wave is not that important, but it is there.

Considering how the overall market looks at this time, I believe that JPM             will see a bear market in the coming months. There will probably be more wobbling around at these levels, but in at least 6 months, I wouldn't be surprised to see this bank at 48$ per share.
timwest PRO
2 years ago
Looks great. Thanks for posting.
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vlad.adrian PRO timwest
2 years ago
Thanks for the appreciation.
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ChandruCw
2 years ago
http://www.bloomberg.com/news/2014-10-03/jpmorgan-password-said-to-lead-hackers-to-76-million-households.html JPM hacked
Reply
vlad.adrian PRO ChandruCw
2 years ago
Thanks for posting the link!
Reply
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