On the 1 hour timeframe, the flag trend continuation model is formed. If the lower border of the pattern and the resistance level is 85-87$ are broken, I expect a fall. Conservatively, you can enter the short from breaking the lower border of the flag.
This is a potential set up and not yet actionable unless you want to take an aggressive starting position. JPM has finally up to pre COVID price level. The run up recently has been too fast too sharp in my opinion. RSI is extreme over bought reading. Any marginal high will extend the PPO divergent high. Be careful trading this since the earning is coming up on...
Short-Selling Idea for JP Morgan after tomorrow's earnings report. Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute...
Today we will share a bullish analysis of JPM, explaining the major zones and the potential movements we can expect Relevant items: -The key area to pay attention to is the Resistance zone. We can see in the past what happened after the price broke it. We had an 18% bullish movement -It's important to pay attention to the corrective structure formed on the...
The potential growth of NYSE:BAC is about 23% and the target price of JPMorgan is above 37$ per share
NYSE:BAC With vaccine news, banks are expected to have less money put aside to cover default-risk-related assets, that is the recent run up. Also the fed Rate has "quietly" go up and US 10Y also run up which cause this bank bull run. so Bull side: more vaccine/news rally this can go to test 30.4 level , which could be a strong resistance. Bear side:...
Fair price is in between 93-98$ in December.
#jpm Real-Time Algorithmic Trading Signals. Stay curious
JPM is noticeably breaking the downward blue sloping resistance of a possible bullish flag, notice on the RSI we have already seen a breakout of the pattern and a re-test of old resistance turning into new support, very bullish. Not a big fan of JP Morgan, only for bashing Bitcoin, other than that, they have the FED in their back pocket, DON'T FIGHT THE FED,...
Despite the excellent earnings report released yesterday that showed the company hit the forecasts, our indicators, based on technical analysis only tell us that the stock in its the way down. According to the MACD, we should see a sharp drop by the end of the week also, the RSI doesn't say differently. The bottom line is the same: For the long run JPMorgan is...
$JPM returned from its descending resistance. Resistance should be confirmed in following weeks. Overall perspective reflects a pennant pattern. If it breaks ascending support line, next target can be 35.5. Next support test can be in a month.
JPM seems to be on the rise but its got a lot of resistance to break to the upside. Considering how weak the banking sector has been compared to other sectors. im guessing we will not break resistance. But lets wait and see.
200sma has been a strong resistance since the March drop. The red circles show 4 times trying to get to it. Placing fibonacci retracement lines shows confluence with a support level (green rectangle from late June --> early July) The 20sma crossed below the 50sma on September 27th. (Bearish signal trend model) Also, if we close at the current price, we are...