JPMorgan Chase - 30d expiry - We look to Buy at 150.35 (stop at 146.75)
The primary trend remains bullish.
A Doji style candle has been posted from the base.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Daily signals are bullish.
A break of the recent high at 150.25 should result in a further move...
JPM Broke the current trend line and looks to be heading further down. Possible retest of the trend to watch out for.
Currently playing on a strong resistance that could turn into a support, If we don't hold this as a support I'd expect a retest of the support at around the $134.33 level, targets are $136 & $135.
Trade 1:
Target $136, expires 15th September...
With a 5 min confirmation over 150.11, JPM has room till 151 without roadblocks. Over 151 it may run till 153.
Plan:
- Wait JPM to break 150.11, a break + retest would be perfect. CALL Options @ 150.
- Initial Stop loss below the 5min candle before the break of 150.11
- Exit Profit 70% @ 150.95
- Trail 30% Stop Loss to 150.70
- New Profit Target 152.95
Price broke to the upside from a descending triangle.
Has formed an ABC pattern and target is D. This pattern tends to reverse at D.
Possible stop under C. C is at 142.65.
Target 1 has been met.
Not a happy candle today.
No recommendation.
Short interest is less than 1%.
JP Morgan Chase is trading inside a Channel Up and the most recent HL was on September 8th. Yesterday the 1D MACD formed a Bullish Cross and one last buy validation signal remains, crossing over the 1D MA50. The 1D technical outlooks already just turned bullish (RSI = 55.829, MACD = -1.250, ADX = 38.742) so we will buy that 1D MA50 cross and aim at a +16% total...
Besides the obvious head & shoulders, as you increase the timeline from 1M to 2, 3 or 6M the more horrendous it gets.
Massive bearish divergence in RSI.
Price being rejected at the 25 MA, that will most likely lead to a death cross
MACD being rejected at the signal line after the inflated march 2020 pump (looking even more rubbish at higher timeframes)
...
Hello Traders Investors And Community, welcome to this analysis where we are looking at recent events, the current price-structure, and what we can expect the next time from the famous large capitalized investment bank JP MORGAN. As it is well known that banks are not within the high performers in the stock-market nevertheless there can be some interesting trade...
JPM continuously negative for 6 weeks
This chart shows the weekly candle chart of JP Morgan's stocks over the past two years. The top to bottom golden section at the end of 2021 is superimposed in the figure. As shown in the figure, JP Morgan's stock hit its high point at the end of July and early August of this year, hitting the top to bottom golden ratio of...
NYSE:JPM is showing the following bullish signals in the Leave A Legacy Indicator:
Break & Retest of highs ($144) from Feb-Mar. The break of these highs created a break of structure.
Test of an uptrend created from the low of 2022 and March 2023'
Break and retest of a downtrend created from the high of 2022 and Jan. 2023
Swept buy side liquidity from the...
After a detailed analysis of JPMorgan Chase (JPM) stock chart, a Rounding Top pattern has been identified. This pattern, resembling a curve or dome at the top, is typically a bearish signal indicating a potential shift from an upward trend to a downward one. The formation of this pattern suggests that after a period of bullish momentum, the stock is losing...
I was looking for some short exposure for next week, and landed on JPM on my target.
My rationale:
I expect that some of the pre-holiday cheer will turn to hangover by next week.
JPM is at the upper edge of its declining 1-month trading channel
There's a highly predictive broken triangle pattern
DXY is zooming today, without anyone paying much attention,...
ok at 97 this should see support, but damn this is looking like a very long term top on Jamie Dimon's baby. That hurricane he was talking about started a few months ago.
Long term target is 50.
JPMorgan Chase - 30d expiry - We look to Buy at 150.22 (stop at 147.22)
The primary trend remains bullish.
A Doji style candle has been posted from the base.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Daily signals are bullish.
A break of the recent high at 150.10 should result in a further move...
📈📊 #ChartPattern Alert! 📈📊
📈 Rising Wedge 📈
📈 What is a Rising Wedge? The Rising Wedge is a bearish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bearish reversal, with the price likely to break downward after the wedge pattern.
📈 How to...
This is on of the first stocks that Im a shorting and this is a very clear short as H4 and daily are overbought with a lot of divergence. There is no way to check for a pattern but I believe with all the divergence and the consolidation, this stock should crash in the coming weeks. Also, their quarter earnings report is due on October so it should crash by then.
Daily Chart
On daily timeframe, JP Morgan Chase & Co ( NYSE:JPM ) has broken and retested the support around $144. That means price will go up after retest completed.
I expect JPM can go up to $160 that level very fit with Fibo Extension Tool (1.618 Re)
Wait and see next move
