JPM trade ideas
****GREAT LONG CANDIDATE****NYSE:JPM above 1,2 and 3 day VWAP and 5 day MA. Buy above yesterday's high of 105.37
JPM SELL TP_90.94_9.98%_10.08pips_SL_105.21_4.15%_4.19pipsJPM SELL TP_90.94_9.98%_10.08pips_SL_105.21_4.15%_4.19pips
Fibonacci Extensions and Retracement Despite the complicated mess of the use of Fibonacci's. I employed the importance of patterns to support when will the next overbuy. Pay close attention to the Fib-Extension charts (grey) and see how the maximum points always deflect off of the 1.414, which is why this current stock should also reach to the 1.414 in the latest (grey) area which also hits the rend line which is horizontal. Last thing is this structure of the triangles ensures a 80% accuracy if the structure of the triangles are as similar and just so, it also marks with the 1.414 and the horizontal trending line.
jp did they fork preferred shares to a crypto coin. Honestly Straight face.
One Sly dog or future miss managed leaky backdoor ?
JPM Descending triangle short playcant press passed previous reflex point at 104.44
short this pos im also bearish on jamie dimon
JPM: Potential 3-Drive formation for -20% downsideI don't particularly think the CAT, WHR and NVDA results bear well for the market nor the economy in general and JPM is probably one of the biggest proxy out there. Recent price action has stalled at the 50-days moving average and a "support-turned-resistance" level; I personally do like buy/short breakouts/downs which had retested prior support-turned-resistance and if we extrapolate the 3rd leg of this potential 3-Drive formation, it is a -20% downside objective.
JP Morgan BullishThere is a reverse Head and Shoulders pattern, so JPM should go up then deflect off the resistance.
