I think JPM now is currently at a strong resistance level, as the pre-market price hit around 92.4~ I will be looking to short if this maintains at the resistance level when the stock market opens. However, keep an eye on 92.4 since if JPM breaks out from this level there could be a BIG opportunity for longing the stock.
To premise this, I am a long term bull on JPM and own shares in the company.
Being so, I wish JPM will continue to go up and up but that doesn't seem to be the case.
The economy was shut down and even though it is opening up, it would not be the same as before, at least not in the short term.
If we were to just look at the recent sessions, the symmetrical...
The banking sector is at the bottom, after a strong fall associated with the global epidemic. While the global economy did not function, banks received less profit. Now business activity is recovering and banks are increasing cash flow. Likewise, lending programs will now work more actively, because many areas of the business will need additional investments. The...
Potential H+S pattern on JPM, certainly one i will be keeping an eye on, as it seems that it may have started to break down from the right shoulder.
-TradingEdge
There are a lot of weak charts out there, this is one of them. As S&P and other went all the way up to high levels JPM and some others struggled a lot. Now that we see an oncoming weakness in the broad market, charts like these will fall like rocks as other more stronger ones brace for a correction.
Creo que JPM está en una tendencia lateral sin señal clara de dirección.
SHORT: Si cae por debajo de 88.40 habilita caída a 79.50 ó 77.30
LONG: Si pasa los 100 habilitaría 109 y luego 115
Every time $JPM has touched the long term upward trend line it has had a very nice bounce. It has once again touch the upward trend line and maybe ready to bounce.
