JPM - Swing Trade Idea

SHORT - JPM
SL: 132.04 (Suggested by our algorithmic system)
TP: 125.11 (Suggested by our algorithmic system)

Reasons behind this idea:

1. Indicators suggest this stock is oversold

2. MACD indicator starting to show weakness with momentum

Note: Trendlines are drawn from multiple timeframes

---------- Chart Drawings ----------

Red Dotted Line: Broken Resistance Trendline
Blue Solid Line: Support Trendline
Red Solid Line: Resistance Trendline
Purple Vertical Line: Suggested Stoploss by our algorithmic systems (under testing)
Green Vertical Line: Suggested Take Profit

Trade idea from our mobile app:
https://ibb.co/qxfhByk
(Timestamp is in Australian Sydney Time UTC+7)

Please trade responsibly and good luck!

Trade closed manually:

Screenshot of app closing the trade ibb.co/S5298z8

Trade closed: stop reached:

SL was hit but luckily our app locked in a profit of 52.8% before the price went back up to the resistance trendline.