Needs to go down a smidge moreEarnings will dictate movement past initial down move.
not financial advice.
stay safe.
CMC trade ideas
Jpm 1 hora compresionEn TL bajista con target 88,50 que deberia cumplirse hasta 2/7. Luego deberia hacer un pullback a la zona de los 97
Si el 30/6 cierra x encima de 93,70 sale de la TL.
ABC Pattern (Bullish)Perhaps Value and the old stocks we love are trying to come back? Market has been "different" to say the least and have found it difficult to go with what has been popular since the Corona crash. I do not think all the old winners are going away, they are just taking a breather perhaps.
JPM has fallen out of the rising wedge which are often bearish, so I feel it is becoming a safer trade.
Possible Entry: 98.5
Stop: Below 94
Target 1: 114 to 120
Target 2: 130 to 135
Be safe and good luck!
JPM Head and Shoulders SHORTLooks like a failed retest to me. Expecting to see low 80's as early as next week.
Great day to buyJPM is the best bank IMO and that is why I don't touch XLF, although I love XLE.
Great entry point for a long position that follows the trend line.
$115 price target by September.
JPM Potential Rally?Good evening/afternoon/morning traders,
Bullish engulfing candle and potential MACD hidden bullish divergence were observed on the daily chart. Another wave up to the upper boundary/resistance soon?
Please leave the comment and like if you're interested in this idea. Will keep updating.
HakoneDream
Short Term PUTs on $JPM - Head & Shoulders Pattern JPM has a clear H&S pattern formed on the hourly chart. We are waiting for confirmation of the neckline breaking now with volume. This confirms a significant downward move in the short term. I have started a small short position in 6/26 & 7/2 $90p. Hedging these with longer dated 105 and 110 calls. Will scale into the short positions once the move is confirmed, and then look for a reversal to move profits into calls.
Bullish despite risk of a second wave!Welcome to an analysis afer a three-months-break.
This Time: JPMORGAN CHASE & Co.
Technical:
Flag: Bullish
Fib: 50% Retr. -> Bullish
RSI: Bulllish
MA 200: Bullish
Fundamental:
I have to admit that my concerns concerning a second wave of coronavirus where quiet big. But i personally think that even if there will be a second wave (small chance) that most of the traders worldwide will consider it as not that dramatic because the government gained experience.
And they just think that the coronavirus isn't that devastating.
Best Regards
Christian Georgi
(Sorry for any writing mistakes!)
JPM Still shorttapping the underneath of the strong trend line that has formed
rising wedge has also formed
"BANKS ARE IN BETTER SHAPE THAN IN 2008"?YOU WILL HEAR FROM VIRTUALLY EVERYONE THAT "THE U.S. FINANCIAL SYSTEM IS BETTER CAPITALIZED THAN IN 2008"!
IF THIS IS THE CASE:
1) WHY DID THE FEDERAL RESERVE HAVE TO REMOVE RESERVE REQUIREMENTS?
2) WHY HAS THE FEDERAL RESERVE BEEN KEEPING THE REPO MARKET ON LIFE SUPPORT SINCE MID-SEPTEMBER?
3) WHAT % OF FINANCIAL ASSETS ARE OFF-BALANCE SHEET?
4) WHAT % OF LOANS ARE AT RISK OF DEFAULT WITHOUT FED/GOVERNMENT INTERVENTION?
5) WHY ARE FINANCIAL INSTITUTIONS REFUSING TO ENGAGE IN LOAN PRACTICES WITHOUT FULL GOVERNMENT GUARANTEE?
6) WHAT ARE THE BIGGEST BANKS' EXPOSURE TO DERIVATIVES?
7) ARE CREDIT RATINGS ACCURATELY DEPICTING RISK?
THE ANSWERS TO THESE QUESTIONS PAINT A CLEAR PICTURE: HELL NO!
JPM likely forming an H&S patternThe formation of H&S is underway, watch out for the break down below the neckline.
Disclaimer: This is not an advice to buy or sell!!
JPM SHORT IDEA JPM has head and shoulder pattern.the stock has earning in july 14 and if overall market trend is not clear.the stock is in downtrend. i think is a good short oppurtunity!
if you like the idea ,please don't forget to press like button and comment below for any questions.Thanks
JPM - caught in 2 mindsI'm not sure if my red count wave 1 can really be labelled as a leading diagonal or not but it is the only way that I can justify the bullish count for JP Morgan. Personally, it looks more like a 3 wave ABC to me and so I prefer my bearish blue count and taking the view that this is a downward ABC correction. Which is the right answer? I wish I knew.
JPM chop doesn't look goodI am long financials medium term actually but $JPM churn doesn't look good. You might be able to load up on some cheap JPM shares soon!
my perspectiveover 105 is my trigger for june 19 110-115 calls, this seems like a no brainer too me, all banks are way oversold. this is only my opinion, goodluck :)
$JPM Long IdeaJPM $115 Call buyer is back. I would like the $XLF to be strong in the morning and ideally the $SPY as well.
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
