JPM LongGiven the recent market selloff, the reversal forming on the daily, and with interest rates on the rise, financial companies will begin to rally again. I'm looking to take a long-term position in JPM, given they are a leader in the market and pay a high dividend. Aiming to take next January's ATM (140) calls.
JPM trade ideas
JICPT| JPM got support from flip heading to previous high!Hello everyone. The conflict between Russia and Ukraine has been on the center stage since last Monday. global stock market have been volatile for a majority of the week. With no intention of sending troops to Ukraine, market started to calm down. Hopefully, it'll be over soon. It's really painful to see those photos.
Get back to the technical side, there was buying pressure around the key flip level of $140 with increased volume as confirmation signal.
Other than that, the rate hike next month will also benefit the banking sector. The question is 25bps or 50bps.
Pull Back Fishing/TopsFinancials had quite a run during our Bull market.
Time to pay the Piper I suppose.
JPM has an ugly top but maintained up there for quite a while. I like this stock but am thinking it has some downside left to go.
Short interest is very low at .52%.
I do know some do not agree, but in my experience, the tops and bottoms of gaps/windows, can provide support as well as resistance. There is no price action inside a gap, so I look to your left at prior price action for support while inside a gap. If I do not see major price action to the left and price has broken the top of a gap, I find price will usually hit the bottom of the gap. As of late some securities are in Free Fall mode and will parachute right through the top and bottom of a gap without so much as a pause as if the market is literally bleeding. Until the hemorrhaging stops and that would mean something in this economy has to change, I am being careful.
I plan to wait but I know many love this stock.
Price is under all of it's long term moving averages. Moving averages are lagging indicators.
Folks tend to sell the securities with the most gains, so it is time to maybe look at the high flyers right now when the economy is sucking wind. Often those will suffer the greatest declines.
I am guessing it is time we admit we lost our bull market and time to readjust. I know we will have good days as a bear market is not like "everyday is a rainy day" and there will be rallies up.
JPM made 2 attempts after high of `172.96 to beat this high without success. This can be a sign that a security is at it's top.
This particular ugly top was iffy a price kept trying to go up for a while and it was not clear that a top was reached. But it was, for now.
No recommendation
Trade Idea - buy JPM swing callsOn the daily chart price is oversold and needs to revert back up towards moving averages. 30min chart shows ovals around the candles that generated a stochastic bull signal. Those three candles showed buying strength, and after a another move lower (which usually happens) I am looking for price to hold 130 and move higher. Green lines show bullish divergence between RSI and price. Risk is low as price is near the lows and 130 can also be used as a stop.
JP Morgan: Don't Miss This Bullish WaveJPM Morgan: It A Wise Decision To Buy Jp Morgan?
This is still a valid analysis from the last time that we shared it.
As we all know, JP Morgan is a highly reputable bank in the market.
The current Market Cap is $ 442.73 billion
Industry: Banking - Diversified
Financial indicators are all in positive territory.
The chart shows that from February-20 this bank recovered the entire price decline due to the collapse of Covid-19 in a matter of 10 months.
From that moment on it is still holding up the growing momentum.
The stock is not overvalued at all.
On 24-January-22, the price tested a strong support area that belongs to pre-pandemic price, close to 140.
Also, an upward price reaction can be seen in that support area because the price has already risen from 140 to 151.
This increase is approximate + 7.5%.
Considering this, we can assume that this stock is being traded close to its “Fair Value”.
So we are not buying something that is more expensive than it should be.
The probability is very high that the price could move higher again up to the top of the model close to 179.
Thank you and Good Luck!
JPM Morgan: Don't Miss This Bullish Wave
Is It A Wise Decision To Buy Jp Morgan?
As we all know, JP Morgan is a highly reputable bank in the market.
The current Market Cap is $ 442.73 billion
Industry: Banking - Diversified
Financial indicators are all in positive territory.
The chart shows that from February-20 this bank recovered the entire price decline due to the collapse of Covid-19 in a matter of 10 months.
From that moment on it is still holding up the growing momentum.
The stock is not overvalued at all.
On 24-January-22, the price tested a strong support area that belongs to pre-pandemic price, close to 140.
Also, an upward price reaction can be seen in that support area because the price has already risen from 140 to 151.
This increase is approximate + 7.5%.
Considering this, we can assume that this stock is being traded close to its “Fair Value”.
So we are not buying something that is more expensive than it should be.
The probability is very high that the price could move higher again up to the top of the model close to 179.
Thank you and Good Luck!
JPM long ABCDE correction patternHey everyone, welcome back to another one of my posts!
JPM seems likely to form a big ABCDE correction and eventually a bullish breakout! JPM is a fairly good and reputable finance company and it is currently trading at a fairly good value. In the long term view, it seems like a good investment as it looks really good technical wise and fundamental wise.
JICPT| recommend JPM exposure despite weaker earning report Hello everyone. JPM has been down around 20% on the weaker earning report and market turbulence.
However, it has been bouncing back from key level one weekly. I listed the reasons to be bullish on the daily chart for your reference:
1. VSA 2. Flip 3. multi-timeframe analysis 4. market mood.
Beyond those, the rate hike by FED this year(probably 3-4 times with quickest start on March)also makes JPM preferred assets for investors. I listed reasons in the related idea posted almost one year ago.
I also recommended clients to allocate part of their money in Reits to hedge against the rising inflation.
The only free lunch is diversification. That's the easy money we couldn't miss.
What do you think? Give me a like if you're with me.
$JPM - Financials 9/10Honestly it could have been either BLK or JPM. They both run the country's financial system and are the backbone of it. As well as most other major countries in the world. You may not like the financial sector, but these two names will never go under without the entire country going down.
JPM Price Analysis: Is It A Wise Decision To Buy Jp Morgan?Is It A Wise Decision To Buy Jp Morgan?
As we all know, JP Morgan is a highly reputable bank in the market.
The current Market Cap is $ 442.73 billion
Industry: Banking - Diversified
Financial indicators are all in positive territory.
The chart shows that from February-20 this bank recovered the entire price decline due to the collapse of Covid-19 in a matter of 10 months.
From that moment on it is still holding up the growing momentum.
The stock is not overvalued at all.
On 24-January-22, the price tested a strong support area that belongs to pre-pandemic price, close to 140.
Also, an upward price reaction can be seen in that support area because the price has already risen from 140 to 151.
This increase is approximate + 7.5%.
Considering this, we can assume that this stock is being traded close to its “Fair Value”.
So we are not buying something that is more expensive than it should be.
The probability is very high that the price could move higher again up to the top of the model close to 179.
Thank you and Good Luck!