timwest
Short

JPM top formation

BATS:JPM   JPMORGAN CHASE & CO
384 1 1
A picture is often worth a thousand words - and this Head & Shoulders pattern looks pretty clear to me.

For technicians, sometimes this is all the picture you need to act on a trade.

There is always a chance for a fake-out like what happened last time a potential H&S earlier this year (as labeled on the chart), but that is trading.

Risk 3 average daily trading ranges (11-day average ). Reward = target zone labeled.

Cheers.

Tim West

9/23/2013 10:01AM EST
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BuboWaveTrader
3 years ago
Bullish count on JP
Reply
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