JPM trade ideas
JPMorgan Chase & Co (JPM - NYSE) - ABC wave patternJPMorgan Chase & Co (JPM - NYSE) is in (W)(X)(Y) complex corrective double zigzag wave pattern and wave (W) & (X) has been completed. The (X) wave took 0.618 times of wave (W) by price. It is very weak compared to SPX and about 11.5 % holding value of XLF etf. It has now begun the (Y) wave cycle downside. Wave A impulse drop completed today in five wave and correcting up in B wave, which might take 1-3 days to complete. Thereafter wave C will be started again in down direction. This stock is major indication that XLF will go in down direction. The wave pattern is resemblance to BRKb.
US: Major Banks in uptrend, attractive Risk RewardMajor banks in USA e.g. JPM, BAC, UBS are showing uptrend hence buying opportunities on correction
Attractive risk reward
Following entries are valid only for trading on 15 June 2020
JPM
Entry: 99.35
SL: 97.53
Target: trail the price
BAC
Entry: 24.60
SL: 24.05
Target: trail the price
USB:
Entry: 37.25
SL: 36.70
Target: trail the price
JPM $90 is calling$90 seems like a clear target for JPM to hit, likely a little kick back into the moving averages.
$JPM Suffers the Slings and Arrows of Central Bank SpeculationJPM and other bank stocks took a hit on Wednesday when Jay Powell of the Fed noted that rates may be near zero for a long time, and other fed bankers leaked some sympathy for a negative rate path (which would ruin bank margins).
Shares of JPM could be marking the boundaries of a near-term range in the $100 area.
JPM Heavily Oversold on the 1H, Breaking Fibonacci Levels $JPM The hourly chart on JPM suggests heavily oversold conditions. The price recently crossed the lower Bollinger band (with Standard Deviation set at 2.5), and RSI(14) is below 30 (closer to 25). Moreover, the price has retraced and broke through the 0.5 Fibonacci line around 99. Next Fibonacci support level is at 95. I already bought at the 0.5 level (at 99). If you also bought I recommend hold, but if you did not buy watch price action in the coming days, a nice entry level might be closer to 95.
PUT sale JPM94 Put Sale for June 26, 2020, 70 strike price. $1 premium.
Only if you don't mind owning it.
JP Morgan and many other banks rejected off the 200 DMA banks getting rejected by the 200DMA says a lot about a good recovery things are about to get interesting .so buy bitcoin!!!! lol
$JPM watch out for below 104.20 (bearish)$JPM showing bearish reversal. if it breaks through 104.20 we'll 99 not too long after and then 96 eventually. I
$JPM J.P Morgan PUT ideafirst caught my attention during the last few minutes before close. A buyer stepped up taking a $820K bet $100 Put $820K premium with a 01/15/21 expiration. Firstly I don't blame the trader/hedge because the market is in a euphoric state, while reality not so HOT.
I am looking for the $110 break tomorrow w/ $SPY selling off aggressively. This all depends on the overall market if confirms upside, will take calls.
Up and Up, I think...Based on slow COVD-19 times growth I am unsure how fast this stock will recover but I believe it will based on previous stock prices and graph. Good dividends though are what drew me to it most.
JPM - Possible ST PullbackJPM will begin to have a pullback in the short term. How severe the pullback will be depends on several factors. News, announcements, sentiments, etc...
In absence of any severe news headlines....
The stock should have a day with a pullback to around the 109 area.
If that breaks, it should go to around the 103-106 area.
100 could set up to be a psychological barrier.
If it is unable to maintain such a price, it will experience a more severe drop. Possible 94-95 price. I don't think it will drop any more than that area.
I give it a 20% possibility of breaking that price point and dropping to 91. 10% possibility of dropping to 84. 3% possibility of dropping to 78.
So for those that missed the rally, this might be another chance to get in under 100.
Note: I do own shares in JPM for the long term which I purchased with avg 84. I am also relatively new to stock investing. So please do your own research.
This is only meant as a way for me to share my thoughts with my friends. My impact from this trade will be 3 cups of coffee, at most. I like to buy when my <10% scenarios takes place.
JPM Already Break Trend Line Turn Upsideb]Price Side:
#Trend line: Down is break
#Pice: Starting move upside
#S/R: Strong support is expected
#Exit: if break support / SL
#Trade with care
Volume Side:
#Volume Level: Average
#Volume Trigger: On higher timeframe
#Confirmation: Volume is supporting
#Exit: if volume drop or decline
#Trade with care
*Disclaimer : This is Not Financial Advice
Will JPMORGAN continue climbing to historical summit?The movement of stocks is known in the past days, a strong movement in all sectors, even the financial sector knows a strong movement and among them the JPMORGAN CHASE & CO after the stock bounced from a weekly trend
The stock formed a classic triangular, and it was able to penetrate it with a respectable volume, and with a price gap.
The stock will currently try to descend towards the upper side of the triangle to retest at 105, which is a good opportunity to buy by targeting the top at 135.
Sell Potential for JPMORGAN CHASE & CO StockSell volume pressure on this stock after the big opening gap last week, it looks the stock might continue going down to close this gap, the high selling volume, and the RSI character also supports this assumption.
$JPM JP Morgan on strong resistance
The $105 level has acted as a strong support int he past so a break above would be very bullish
and open up the prospect of a move to the Fibonacci Golden pocket and 200MA @ $116
RSI has plenty of room to run higher
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THE CMC STOCKMORE POTENTIAL THE CMC STOCK GOING UP NEXT DAYS INITIALLY TO TP 1 BUT IF THE STOCK BREAK THIS RESISTANCE STRONGLY WE CAN REACH UP THE 117.00 PRICE
