Ascending support on JPM - some will also identify the pivot highs calling for a triangle pattern.
Keep an eye on this support level if the market gets weaker - looking for things that were already lazy when the market was strong... looking for those to then get even weaker when the market gets weak... this is a good way to find intraday setups!
Hope this chart...
a really interesting picture is developing here, I think we are currently undergoing a healthy retracement that might be open up an amazing trade longterm.
Lmao, I did not remember this. It's from long time ago trying to understand a little bit more this bank. Maybe is something irrelevant but it could be helpful to feed the curiosity some people still have and expand their knowledge with a better research. Also if i lose this idea again for some months I'll know where to find it now.
There I tried to find...
SHORT Position. Descending triangle pattern. Fundamental : Earnings miss. I entered this trade this morning at $100.95, adding more shares now. Looking good so far.
previuous published jpm trade was cancelled! but couldnt take it off here, hwo ever we had to wait for short prints to finish and decline in eps to be completed in the markets, now we go long term as planned with jpm
JPM set to report its earning before the market opens today.
It closed as an inside day yesterday, and there are dual 0.618 and S/D combination
for the sell high @ 116 and the buy low @ 87.
Which, makes the direction of the inside day breakout very important!
Also, as the world suffers from coronavirus,
how do the earning reports perform under the strong...
