JPM trade ideas
JPM trend continuationWe see a strong upside tendency with a pull back this week. A green solid bar gets over most of the correction, meaning a continuation to the up side. looking to breek the HH.
JP MORGAN SHORT POSITIONBased on the trend that the stock is leading, we can assume a fall, we confirm with the news of strong sales by investors in the United States that they are selling their shares
Traditional|JPM|Long and shortLong and short JPM
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone.
Working out the support and resistance levels of the consolidation zone.
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
+ ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
Red zone - stop zone.
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
Priority - The value of the priority parameter implies the author's subjective opinion about the more likely activation zone on this idea, this does not mean that this idea will be 80% activated by this parameter, the purpose of the parameter is to provide for the risk of the inverse of the zone parameter.
Example: "Priority Long: So the author inclines more in the direction of the activation zone open long trades, in this case, when reaching the activation zone in short you should be very careful, because this area may be highly likely to be punched about the breakdown/do not get to take/activate transaction from go to stop."
Please consider this parameter if you use my ideas.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
JPM Bearish back towards 155 if Breakout FailsLooks like its back trying to challenge a break out to new highs
This all depends on rates really.
I guess the anticipation is that rates are going up eventually so banks should too? Just a guess
Banks have led recently, maybe time to cool off and drift back to support
The NFP number this morning gave a hint of how JPM will react in the future to unfavorable data
Just gonna play it bearish looking for maybe a $5 pullback or so over next week or 2
If rates start getting really frisky this trade is done
If it blows through 161.5 I'll be out, might wait for that test before entering
Some sort of diagonal put spreads not sure on specific strikes yet
JPM Bearish ButterflyJPM 65min. PRZ in red box as measured from ABA 1.618 at the top of the box and the AXA 1.272 at the bottom of the box. Fibs on this chart are off the ABA.
First take profits down at green fib .382
JPMThis thing basically has a magnet at $180. 3.618 extension of the 99 high to the 08 low as well as the 1.618 extension of the Covid crash. Not a matter of if, but when imo.
JPM BULLISH TREND AFTER BREAKING RESISTANCE!BTO JPM CALL $157.50 5/7/21
JPM broke the resistance of $156.50-$156.65 looking for a $160 target in the 1H chart. Banks remain bullish for the year due to the share repurchasing program has been accepted after showing good financial stability. JPM will buy back $30 billion of its shares in 2021.
JPMorgan Chase Could Be Coming to LifeJPMorgan Chase has snoozed since its big November-February rally. But now it may be getting ready to move again.
The first pattern on the chart is the downward trendline running along the highs of March 18 and April 12. It’s breaking that resistance today.
Next are the series of candlesticks last week. Notice how prices tried to close at the low but each day snapped back to close at the high. This suggests buyers outnumber sellers. The fact it happened at the 50-day simple moving average (SMA) is potentially bullish.
Third, price action has been very dull for the last month. Just look at how Bollinger Band Width is holding the bottom of its longer-term range around 5 percent. That kind of consolidation above the December 2019 peaks could be turning into a high basing pattern with price acceptance in new record territory.
Finally, intermarket trends may favor JPM. Bond yields have consolidated as the economy recovers. Both situations favor banks and financials. Key ETFs tracking the sector like KBE and XLF are also trending higher. Once we get past Big Tech earnings, focus could return to value stocks like the banks.
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Watch for JPM dip to $142Full disclosure...I believe that JPM's recovery from the COVID crash occurred for 1 of 2 reasons, maybe both:
1) They're too good at making money (or not losing it).
2) They're cheating.
There are two concerning trends that I would like to point out with this analysis.
I'm more inclined to believe the latter due to precedence, which increases the long-term risk for big dips. Yes, they will recover from any selloff, however, this is the reason that I do not like JPM long.
The news regarding the soccer super league that would be financed by JPM is a big reason for the dip we are seeing now. Reports (credibility unknown) show that soccer fans are boycotting the bank for all the wrong reasons.
If the stock breaks the lower boundaries of the wedge, I can see a selloff to a sub $145 region, which would provide a great buy opportunity, with a $163 price target in mind.
The same goes for the upper limits of the wedge.
The Head and Shoulders pattern gives me some worry about the possibility of breaking $150, before going below $145.
Bold predictions as usual...
JPM options usually prove to be extremely lucrative
I believe that they are currently overvalued (especially at $160), I would love to hear some reasons for an oppositional opinion.
*Share your thoughts and concerns with my views!
**Not a financial advisor.
***Don't judge me on my winners. Judge me on my losers, because there are so few.
Super League Controversy Creates a Trading Opportunity on JPM The proposal for the formation of a new "Super League" by a breakaway group of top-tier football clubs in Europe has stirred quite the polemic over the past several hours, especially after the name of the U.S. bank JPMorgan was thrown into the controversy.
Leading clubs from England, Italy, and Spain, announced their intentions to create a new competition comprising of some of the world's richest clubs, such Manchester United, Real Madrid, Juventus, and Barcelona, which was the primary cause of the commotion.
The announcement was followed by an immediate outcry from fans denouncing the proposal, viewing it as nothing more than a cash-grabbing idea. It was later revealed that JPMorgan was to finance the Super League with more than $4 billion, helping organise it using an American-style model used in the NFL and NBA.
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Breakdown of the latest developments on the global exchanges
Apr 21, 2021, 8:52 AM GMT
#StockMarket
JPMorgan's Super League Gamble Backfires After Severe Outcry from Fans
JPMorgan's Super League Gamble Backfires After Severe Outcry from Fans
Chelsea Supporters Protesting the Super League.
The proposal for the formation of a new "Super League" by a breakaway group of top-tier football clubs in Europe has stirred quite the polemic over the past several hours, especially after the name of the U.S. bank JPMorgan was thrown into the controversy.
Leading clubs from England, Italy, and Spain, announced their intentions to create a new competition comprising of some of the world's richest clubs, such Manchester United, Real Madrid, Juventus, and Barcelona, which was the primary cause of the commotion.
The announcement was followed by an immediate outcry from fans denouncing the proposal, viewing it as nothing more than a cash-grabbing idea. It was later revealed that JPMorgan was to finance the Super League with more than $4 billion, helping organise it using an American-style model used in the NFL and NBA.
JPM closed yesterday's trading session with a loss of 2.21 per cent, and as can be seen on the 4H chart below, bearish pressure keeps mounting.
The price action is developing a major Descending Wedge pattern, which typically entails likely uptrend continuation. However, the latest developments could change that.
After having broken down below the 100-day MA (in blue) yesterday, the share price is currently testing the lower boundary of the Wedge. If it gets broken as well, then JPM could tumble as low as the major support level at 140.00. The latter is currently converging with the 200-day MA (in red), making it an even more prominent price level.
In contrast, the broader bullish trend could still survive, but the share price would have to rebound immediately and then break out above the upper boundary of the Wedge. In case that the price does indeed manage to complete the Wedge, it would then be able to test the all-time record resistance level at 160.00.
Head and Shoulders BreakdownI think it will sell off to atleast $141 but any real price action above $160 will change my mind.
JPM LongWilliam Alligator : the stock is in a bullish position because the candlesticks are above the Teeth, Lips and Jaw, and the lines are “eating with an open mouth”, this indicates that the stock is in a strong uptrend.
RSI : line is under 70, so the stock is not overbought.
Candlestick patterns : there is a bearish engulfing which is a bearish confirmation.
Overall : it can be interesting to take a buy position on this stock because the indicators indicate that the price is increasing. Entry price is higher than the current price for assurance and stop loss is set at -5%.
