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JP Morgan Chase
Short

JPM - Significant 200SMA Resistance

87
JPM backtesting previous TL support and 200SMA simultaneously today, which were both significant support levels for more than a year. After bouncing off the 200SMA six times over the last year and a half, JPM broke through the moving average in April. Looks like a low risk setup here. First target - $53.15.

5.28.14 - 10:45am EST
DavideG
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DavideG
Also on:

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.