thomaskin

JPM - Daily Analysis

NYSE:JPM   JP MORGAN CHASE & CO
9 0 0
A. Price jumps first thing in morning and finds a congestion zone - buyers and sellers have come to a general consensus about what price should be.
B. Price rejects lower price coming in to zone B and then once again rejects lower prices with easing momentum for a second time - this signals that price should be headed upwards.
C. Momentum slows and buyers are less eager to get in to the market. It all comes to a head with dampening volume and then climatic volume on the candle prior to the high.
D. Momentum once again slows coming into resistance and sellers jump in to the market.
E. Resistance is formed at the second final base of the day and then price continues to hold until close.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out