JPM eyes on $193.50: major support going into Earnings
Updated
JPM is sitting on a Golden Genesis fib.
Earnings to be reported today afterhours.
Launch pad here? or fail and mark the top?
$ 193.50 - 194.69 is the immediate support.
$ 176.07 - 176.37 is first good support below.
$ 206.20 - 207.37 first resistance just above.
========================================
Earnings to be reported today afterhours.
Launch pad here? or fail and mark the top?
$ 193.50 - 194.69 is the immediate support.
$ 176.07 - 176.37 is first good support below.
$ 206.20 - 207.37 first resistance just above.
========================================
Note
Jamie Dimon does Fibnastics? who knew?Shaded area is since Idea was posted.
.
Zoom in a bit (m30) with some notes
Even though our target below was not hit,
the cluster of 3 fibs around $181 caught it.
Then we see good confirmations of our fibs.
So next we will look for break of $200 pysch level
.
SUMMARY:
- Dipped exactly where expected.
- Bounced a little above target, a bull sign.
- All fibs still in play, look for $200 break.
===============================================================================================
.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.