JPM - Breaks out
Updated
JPM broke out of a falling wedge today. restested. climbed further.
Fundamentally - Jamie Dimon has been very positive on the economy while everyone else has been screaming the sky is falling
JPM has beaten earning (at least) the last four cycles.
I expect they will repeat here. The stock is acting as if its ready to go up.
Fundamentally - Jamie Dimon has been very positive on the economy while everyone else has been screaming the sky is falling
JPM has beaten earning (at least) the last four cycles.
I expect they will repeat here. The stock is acting as if its ready to go up.
Trade active
Crazy day. . In retrospect, we entered early, but we were not wrong. .We are still long. Keep posted.
Comment
We will take half profits at T1 . . Working on a 25% of profit Trailing Stop currently.Trade closed: target reached
Good Trade.
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