JPM trade ideas
Elliot Wave Model for JPMThere are a lot of different models for this, and It's hard to determine, but some of the models I have seen have the first wave forming at the first high after the covid sell-off (96.55), but I consider that cluster part of market chaos/confusion and consolidation and therefore part of the formation of wave 1, which saw a high 103.47, wave two was a relatively short pull-back from mid April to mid-May followed by wave 3 that reached nearly 115 high. I believe we have been in a long drawn out pull-back since, wave 2 was relatively short and concise, and as such, it makes sense that wave 3 has been longer and meandering (and utterly frustrating), as this is typically the case with waves 2 and 4 (when one is long the other is short or vice versa). At this juncture we may be heading into the beginning of wave 5, where we will break the pre-covid highs in the region of 125, after which we will begin a new cycle.
Enjoy, thoughts please.
JPM 130jpm needs 1 more red day to bounce off the support line then we can breakout around 104 and go higher
Fractal, where art thou fractal? JPMDown to 97 (thereabouts) a gap up to 103…then 105….upward to 110 (ish), back down to 106 (ish) and a decent to 112-115…all in the next two-three weeks.
That’s all folks. It’s all in the starts…err…ummm, it’s all in the triangles…the fractals the waves…what have you, but it is there!! All the banks will follow a similar galactic trajectory---and by “galactic” I mean a little push withing the stratosphere, but hey, up is up…until it comes down.
JP Morgan ChaseAs we know, JPM's charts are not the most pretty, sans clean lines like might see in...oh let's see....APPLE. They are a bit bi-polar, so, if the shoe fits...enjoy my equally bi-polar analysis of the coming weeks.
JPM potential short term gainsSupport lines increasing in price, the potential for some short term gains to around the $111-$112 mark. Buy in @ $100
$JPM $112 Target for JP Morgan Short term
Stock has managed to cross the much hated $105 level pre-market,
lets see if it can stay there and possibly set up a move to the 200ma @ $112.
Yesterdays rally was cut short buy the late day selloff.
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$JPM is now the time for the breakout?We seen a pretty powerful move in $JPM forming what looks to be a bull flag, can this pattern continue and breakout to the upside? I believe so with the possibilities of stimulus or vaccine news.
ABC BullishStop under 90.75
Hypothetical Targets 2 are 133 to 144.5. Targtes one may be met, but stock would often become overbought causing a possible pull back before Targets 2 may be met. The market changes and nothing is written in stone
Not a recommendation
Good luck!
JPM opportunityHey everyone,
I think JPM starts it's wave 3 atm. You can wait for 101,50$ ( a new high) or you dive right into it just now. You should set a stop at 95,80$!
Much fun with that trade!
Leave a follow :)
JPM 115posted a chart like this previously. Looks like a bull flag. Held well above 95. looking for that 100 break and then free run to the next resistance. Alerts are set. Banks are never going to fail so.... :)
long calls though
$JPM #TechnicalAnalysis #FundamentalAnalysis #Trading #ChaseEPS Next Y 52.57%
EPS Q/Q -70%
Div 3.62%
Income 23.39B
Sales 76.32B
Market Cap 308.6B
P/E: Very inexpensive at 13.39 (GREAT VALUE THAT PAYS A decent DIVIDEND)
Forward P/E 11.38
Profit Margin 45%
ROE 14.80%
Short Float 0.66%
Target Price (Target A $108, Target B $112.72)
Great trade opportunity here.
perfect setup imoi have calls for next week on this one. coiling up after nice accumulation. if you know.. you know;) goodluck
ABC BULLISHEarnings are over and the banking sector will move eventually
I see an ABC bullish pattern
I do not have a stop as I plan to keep this but if I did it would be at 89
We all have different tastes in stocks so go with your gut
I own this stock but I do not recommend it
JPM earnings 7/14 - swing calls, small positionWhen you see weekly chart, there is a clear consolidation after a sharp drop. Normally traders look for a second move lower. However on daily chart I see a pullback after a strong move up to 200sma. RSI went over 70 and is in bull support zone, and price has moved to bullish Ichimoku cloud. My readings indicate that the Fed has helped banks gain cash and it is possible investors will start buying this stock on good earnings news. I bought 8/21 expiry 105 calls. I might lose value due to IV drop but there is enough time for stock to move up to $113+.
Of course there is risk of stock going lower so keep your position small.
JPM contrarian earnings tradeJPM is coming out with earnings on Tuesday the 16th. A lot of people are HEAVILY bearish on financials. But how bad are the banks really when they are raking in money from the PPP programs? Not to mention all of the bad loans the Fed is taking off the books? We could see a big pop up after the earnings call. I will be out if nothing happens after earnings. Aug 100 and 110 calls.
Cheers,
-Sherem
