12-1 Would love to see this come down to 40.65, lower trend line. Adding to watch list for next week as stoch and trend line touch have been working well. Only real negative is daily is getting overbought. 12-3 UPDATE Getting close to buy zone area around 40.70, bounce off trend line. Could get a 50 cent scalp.
Got oversold quickly but price did not move down much. Nice daily set up with Stoch just crossing over on 60 Add to watchlist and wait for a day when financials are leading and if it holds the 20 MA. Second option is pull back to the lower trend line at or around 39.70
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.
Currently located in a bullish channel, but has since broken rising trend support (black line). Three scenarios are listed. The first is an acceleration of the recent bear move down through channel support. The next is a break of the channel, a retest, and further bearish resumption. Finally, there is a good possibility that the price action finds support at the...
I'm long here to about 44. The recent doji off the retracement looks like a solid entry. I like Dec Calls, Strike 41.
Look for pressure to at least 43 by Friday's expiration.
JPM saw huge call sellers yesterday, probably thinking there will be little upward movement in the stock.
Like the trend higher into earnings in the morning but not the Shooting Star forming at resistance oct12w/Nov 42 Call Calendars a 70c bet on longer term upside, just not tomorrow
Due to negative new today. I think the price would come down to around $40 and bounce up. How do you think of JPM
MA averages look bullish and the stock is making new highs. (CLOSED PROFIT)
Got curious with some of the Fib indicators. Looks like a high probability short setup.