An exaggerated bearish divergence occurs when price forms a clear top, while the technical indicator (in this case RSI) diverges and forms a lower high.
This trade does not have strong signals for puts. Price is at top of cloud and 10sma is over 20, but 20sma has crossed below 50 (yellow arrow). RSI dipped below 50 on 2/18 and is back over today, which is bullish. If stock turns then RSI and Stochastic will both dip below 50 (green arrows)
That said, today's Fed minutes or any economic news (credit bubble,...
Hi traders, here you can see the current analysis of support and resistance levels.
For the analysis I use both zones where the market has reacted several times at certain levels, but also volume profiles, higher TF analysis and one of the most important elements of my trading - the expected volatility analysis.
As of Bridgewater Associates' latest 13-F it is shown that Ray Dalio has entered new significant positions of:
90m USD in JPM
66m USD in BAC
47m USD in WFC
36m USD in C
4H Chart Explanation:
- Price is close to the All Time Highs Zone.
- Price is on an strong Ascending Trendline.
- If price breaks the Resistance Zone, it has potential to move up towards the Fibo Levels.
Weekly Vision:
Daily Vision:
Updates coming soon!
Solid broadening wedge on $JPM here - RSI ticked over 50 and we've got a weekly uptrend with a macd cross under the baseline, looking for a 1-1 break on this in february.
If this pattern keeps up we can look for this to push its way down into this new year towards the White Support Level.
Then further into this year we can then look for the reversal off of that White Support Level.
With Tuesday candle rejecting 140 and subsequent days with lacklustre buying volume, we might expect a minor retracement.
If 140 gap is not covered and is continuously rejected, we might see JPM retracing back to the 130 level or even lower.
updating on our JPM Leaps executed close to a year ago moving deep into the money. Look to Book profits into wave 3 resistance. Remember, the money is in the waiting... not actively trading like a compulsive day trading gambler...
With earnings tomorrow 01/14 and the trend channel broken could expect a drop to 131 or even 128. Flip side is it could move back into the channel with a good number and resume the trend. Good luck.
The financials have had a great run lately but are they carrying to much weight into earnings?
Upgrades galore and positive commentary may just be a sign that the hype is overdone,
Indicators on the chart have began to roll over and the stock has lost momentum and maybe Goldman Sachs recent recovery could be attributed to investors switching.
The 50 moving...
JPM has been running well over the past quarter. However, as the fractional and odd lot new investors buy, the giant Buy Side Institutions are selling. The white candlesticks over the past few days reveal just how heavy the Dark Pool large lot selling is, as the gains are below the previous highs. The risk is that the new investors may run out of capital, which...
JPM BUY with following coordinates. Entry valid till 6 Jan 2020 only
Entry: 137.83
Stop Loss: 136.96
Target: 139.57
Stock is in uptrend after a steep correction
