JPM looks bearishPure technical standpoint
Formation of a "Rising wedge" + hitting strong resistance. RSI forming lower highs
JPM trade ideas
JPM Longweekly Wedge breakout + retest
Entry 160
Stop 155
Target 180
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
JPM ready for run upTrying to consolidate at the support area, nice add here going into next year where we expect slowly FED tapering will start.
JPM JPMorgan Chase Neutral1- CCI 20 is perfectly over 140. (sideway )
2- a little close to Resistance than support. ( little bearish )
3- The red line is over the White line of “ACL” (self-made indicator) .( Bullish ) (ADL indicator)
4- "Multi analyzer" (self-made indicator) is uptrend and is 5 right now. ( Bullish )
5- Close is over the red and white line ( Bullish )
6- Mid-term channel (LR of 9months) is ascending (Bullish )
7- Long-term trend is Bullish ( little Bullish )
8- In bottom half of Mid-term channel ( bearish )
9- around middle of channel ( little bearish )
Overly , Bulls are stronger
Buying is suggested in reaction to bottom of the channel.
Buying is also suggested after breaking the resistance around 173$
SL: depend on the setup (I will clarify later)
TP1 : depend on the setup (I will clarify later)
TP2: depend on the setup (I will clarify later)
Beyond the technical: (do your analysis, I’m not educated in the case of fundamental analysis academically)
Fair Price to Intrinsic Value: 2.72
To summarize my fundamental opinion on this stock:
A little bad ( a little bearish)
In case of good stocks I prefer to be an investor not a trader, but trading with lower Trading with smaller amounts can increase the overall profitability without any unreasonable risk.
$JPM With earnings on deck!$JPM Earnings on deck! JP speaking Tues, this is setting up for an interesting trade... Loading on a pullback with stops at Friday's low.
5%+ IV time skew w/ earnings coming on the 14th for options!
$170C calendars would give a really nice edge here
JPM Ex-Dividend 2022-01-05JPM pays a $1 dividend tomorrow. Company is performing well, wanted to compare performance to peers.
Interesting to see JPM up less than its peers in the financials industry who all started 2022 with a strong bullish day.
JPM bearish Elliot waves After making a high on the harmonic butterfly pattern JPM has reached a critical inflection point where we're probably going to see either the trend continue or an important break. A breaking of the current support might give us our 5th wave in an Elliot based drop. If that's the case, then the next rally can turn into a huge bull trap.
JPMorgan ChasePotential double bottom setup here. I like this companies financials. It's a credit card company so I'm thinking about the attractiveness of reward points and holiday spending. Even though it's not estimated to be a great holiday season for some, I'm more so thinking about the surcharges and end of month billing here. Chase is also a bank on top of that and just in case they raise interest rates, this may not be a bad move. I want us to reach anywhere between 50-68% of the previous high which was set inn October. I love financials around this time of the year. Let's see what happens!
Not Advice!
Only an Idea!
This trade may end up going wrong. That's the nature of trading! Let's keep getting better!
JPM might take a real hammering over the next yearJPM has rejected off a butterfly high and may be now into the development of an Elliot wave 3 in the start of what will become a reversal of JPM. JPM looks like it is at risk of taking a very heavy hit in the coming year or few.
JPM SHORTRSI is below well below 40, volume is extremely low, stocks are not having a Santa Rally nor should Wall Street!
JPM - INSDE DAY BREAKOUT EXAMPLEon 12/15 JPM had an inside day and on 12/16 i was watching to see if we would break above.
I took the 12/23 160C at $2.02 and exited when we didn't break the pivot at 2.82
JPM loses trendline support JPM and C have the most bearish charts of all the banks ..
Here you can see by the volume that Investors have been dumping this since NOV. Closed below trendline support but but bounced off its weeklys 50sma. if it falls below that weekly 50sma we are headed back to 141support.
This chart actually goes contrary to my view of XLF rallying. I'll have reevaluate XLF is JPM loses its 50sma
JPM Short, Looking Bearish for now.Idea is in the chart.
Retesting and rejection from H&S Neckline.
JPM Looking to test Support Area around 145-150.
$JPM...One important sector that is also showing relative strength is the $XLF (banks) and here $JPM made a nice move over HOD with intraday volume.
JPMI am not sold on the uptrend on this ticker just yet. Daily closed below VWAP. I expect a test of the Daily trendline as a support before a move to the upside. If this test fails, I expect we will fill the gap on the daily.
small bounce is coming🦉jpm bouncing off this trendline support, good risk reward entry! but this is a very slow mover so shares>calls all day.
price targets are 180.37-197.7-215.03
like and follow for more!💘
JPM Weekly wolfe wave bearishA Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
JPM - STOCKS - 11. OCT. 2021Welcome to our Weekly V2-Trade Setup ( JPM ) !
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4 HOUR
Small pullback towards previous support zone.
DAILY
Expecting more upside pressure now!
WEEKLY
Market looking for a turn..
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STOCK SETUP
BUY JPM
ENTRY LEVEL @ 167.48
SL @ 158.14
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
JPM Buy - Bullish Upwards Channel - At key support level JPM has been in bullish upwards channel since it hit double bottom on Jul 20. Recently it is testing lower end of the channel, which is a good buy zone right now. Short term traders can play the channel lows and highs. Mid and Long terms investors can accumulate on channel lows. All bank stocks will run hot in 2022, as Fed starts raising interest rates to control inflation.
learning note 5: GANN FAN on JPM trendingbased on GANN FAN, JPM is hitting trendline and likely bounce back.
expect go higher.
Jpm Trade Opportunity This ascending triangle on jpm looks amazing, I really don't have anything else to say the chart speaks for itself.
$JPM looking for big move this weekIncreasing volume over last week after having a great earnings report. Also finished near hod on Friday.
JP MORGAN analysis. I'm new share your ideas!Disclaimer: I am not trading for real I am doing paper trades just looking to learn. I just started trading and have been learning some things and would love some feedback.
