alexp

JPM to bounce off trend line

Long
BATS:JPM   JP Morgan Chase & Co
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JPM is now in a good position towards bouncing to the top of its trending channel off the trend line (after two measured legs down).

Trigger level with a stop order - 39.70.
Stop loss is at 38.10 level - below major support line.
Target is 43 area - an area of major resistance.

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