Our analysis of the JPMorgan Chase (JPM) stock, utilizing the Rising Wedge method, indicates a potential downward trend in the near term. The Rising Wedge is a bearish pattern and often signals a reversal in the uptrend, especially when formed in an overall bearish market context.
The current trading price of JPM is around $142.32. Considering the bearish trend...
Here is a good trade opportunity on JP Morgan.
I will wait for the breakout of the resistance level and then enter after a successful retest to the resistance level, and if it fails to break the resistance level and breaks the lower trend I will Exit and close the trade.
1- You can get around 11% profit easily.
2- It might take 1-2 months.
3- There is also a...
Looking at the AD, we see an Ascending Patterning (rising Money).. Looking for JPM to retest resistances level near both C and X leg where it sold off. Price Target is $170
looking for another breakout set up on jpm, from a c wave buy.. buy zones $119, $143 is breakout level... but im a buyer of the dips on jpm for the long term. Notice the continuation of the upward trend (seen in the parallel channel) you can then count 2 sets of Elliott waves (which can be argued against) ..There are multiple time frames such as the 1hr, 30mi, and...
NYSE:JPM with a strong bounce off of the monthly fair value gap on high volume. This could start to see some relative strength in the future!
Not financial advice
JPMorgan Chase - 30d expiry - We look to Buy at 134.65 (stop at 131.65)
We look to trade the current range.
This is currently an actively traded stock.
This stock has seen good sales growth.
The primary trend remains bullish.
Bespoke support is located at 134.50.
Our profit targets will be 142.15 and 144.15
Resistance: 141.50 / 143.37 / 144.34
Support:...
Over the past few months, the stock market for banks has undergone significant fluctuations due to various factors, including interest rates, economic conditions, and notable bank failures. It's important to note that not all banks have been affected in the same manner. Despite the volatility, several major banks have adeptly navigated through these challenging...
JPM possible H&S on weekly could be a nice short opportunity, or another opportunity for MMs to get my money, whatever works for em, I'm just here for the free cookies but the banking industry ain't looking the best..
Diamond top to kick things off next week..
Fridays price closed above 50sma.
Once price breaks the 50 , JPM should test the
200sma on the flush at 128.
As you can see 126 is an area of High support, So I think it will be a dead cat bounce there before the next leg lower.
My fib levels are
High - 172.96
Low - 50.07
If you are wondering how I got 50 for...
Could be the END OF THE ROAD for JP Morgan...
10 year rate of change looks PRECARIOUS, just as it did back in December 2001.
#BankingCrisis #BankingSector #JPMorgan #Banks
JPM's rate of change has already been breaking down. Now, it looks like a possible head and shoulders pattern has emerged. If it breaks to the downside, look for a knees then toes pattern next! BTW, If this guy breaks down, EVERYTHING breaks down... Cant have a bull market without financials
JPM looks weak. Some are saying we are going to ATH, JPM will save the banks and etc I can say only two things: I see it is forming a mega Head and Shoulder pattern and it is forming a lower high and lower low.. Therefore I can't be bullish on it in any case.
However with huge volume and strong move above the "Head" of the pattern I could say it is forming...
It’s no secret that the US banking industry is facing some significant challenges when it comes to securities losses. In fact, the Big 4 US banks - JPMorgan Chase, Citigroup, Wells Fargo, and Bank of America - are sitting on a combined $211.5 billion in unrealized losses. That's a huge amount of money, and it's certainly cause for concern among investors and...
Goldman Trade Idea: "Buy JPM Calls ahead of Analyst Day"
Goldman's Richard Ramsden highlights JPM’s ability to gain share of deposit balances during macro volatility in Mar’23, continued favorable deposit betas, robust-and-improving capital ratios along with a
commitment to capital returns demonstrate the franchisee’s strength positioning it well for...
