JPM Bearish ButterflyJPM 65min. PRZ in red box as measured from ABA 1.618 at the top of the box and the AXA 1.272 at the bottom of the box. Fibs on this chart are off the ABA.
First take profits down at green fib .382
4JPM trade ideas
JPMThis thing basically has a magnet at $180. 3.618 extension of the 99 high to the 08 low as well as the 1.618 extension of the Covid crash. Not a matter of if, but when imo.
JPM BULLISH TREND AFTER BREAKING RESISTANCE!BTO JPM CALL $157.50 5/7/21
JPM broke the resistance of $156.50-$156.65 looking for a $160 target in the 1H chart. Banks remain bullish for the year due to the share repurchasing program has been accepted after showing good financial stability. JPM will buy back $30 billion of its shares in 2021.
JPMorgan Chase Could Be Coming to LifeJPMorgan Chase has snoozed since its big November-February rally. But now it may be getting ready to move again.
The first pattern on the chart is the downward trendline running along the highs of March 18 and April 12. It’s breaking that resistance today.
Next are the series of candlesticks last week. Notice how prices tried to close at the low but each day snapped back to close at the high. This suggests buyers outnumber sellers. The fact it happened at the 50-day simple moving average (SMA) is potentially bullish.
Third, price action has been very dull for the last month. Just look at how Bollinger Band Width is holding the bottom of its longer-term range around 5 percent. That kind of consolidation above the December 2019 peaks could be turning into a high basing pattern with price acceptance in new record territory.
Finally, intermarket trends may favor JPM. Bond yields have consolidated as the economy recovers. Both situations favor banks and financials. Key ETFs tracking the sector like KBE and XLF are also trending higher. Once we get past Big Tech earnings, focus could return to value stocks like the banks.
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Watch for JPM dip to $142Full disclosure...I believe that JPM's recovery from the COVID crash occurred for 1 of 2 reasons, maybe both:
1) They're too good at making money (or not losing it).
2) They're cheating.
There are two concerning trends that I would like to point out with this analysis.
I'm more inclined to believe the latter due to precedence, which increases the long-term risk for big dips. Yes, they will recover from any selloff, however, this is the reason that I do not like JPM long.
The news regarding the soccer super league that would be financed by JPM is a big reason for the dip we are seeing now. Reports (credibility unknown) show that soccer fans are boycotting the bank for all the wrong reasons.
If the stock breaks the lower boundaries of the wedge, I can see a selloff to a sub $145 region, which would provide a great buy opportunity, with a $163 price target in mind.
The same goes for the upper limits of the wedge.
The Head and Shoulders pattern gives me some worry about the possibility of breaking $150, before going below $145.
Bold predictions as usual...
JPM options usually prove to be extremely lucrative
I believe that they are currently overvalued (especially at $160), I would love to hear some reasons for an oppositional opinion.
*Share your thoughts and concerns with my views!
**Not a financial advisor.
***Don't judge me on my winners. Judge me on my losers, because there are so few.
Super League Controversy Creates a Trading Opportunity on JPM The proposal for the formation of a new "Super League" by a breakaway group of top-tier football clubs in Europe has stirred quite the polemic over the past several hours, especially after the name of the U.S. bank JPMorgan was thrown into the controversy.
Leading clubs from England, Italy, and Spain, announced their intentions to create a new competition comprising of some of the world's richest clubs, such Manchester United, Real Madrid, Juventus, and Barcelona, which was the primary cause of the commotion.
The announcement was followed by an immediate outcry from fans denouncing the proposal, viewing it as nothing more than a cash-grabbing idea. It was later revealed that JPMorgan was to finance the Super League with more than $4 billion, helping organise it using an American-style model used in the NFL and NBA.
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Breakdown of the latest developments on the global exchanges
Apr 21, 2021, 8:52 AM GMT
#StockMarket
JPMorgan's Super League Gamble Backfires After Severe Outcry from Fans
JPMorgan's Super League Gamble Backfires After Severe Outcry from Fans
Chelsea Supporters Protesting the Super League.
The proposal for the formation of a new "Super League" by a breakaway group of top-tier football clubs in Europe has stirred quite the polemic over the past several hours, especially after the name of the U.S. bank JPMorgan was thrown into the controversy.
Leading clubs from England, Italy, and Spain, announced their intentions to create a new competition comprising of some of the world's richest clubs, such Manchester United, Real Madrid, Juventus, and Barcelona, which was the primary cause of the commotion.
The announcement was followed by an immediate outcry from fans denouncing the proposal, viewing it as nothing more than a cash-grabbing idea. It was later revealed that JPMorgan was to finance the Super League with more than $4 billion, helping organise it using an American-style model used in the NFL and NBA.
JPM closed yesterday's trading session with a loss of 2.21 per cent, and as can be seen on the 4H chart below, bearish pressure keeps mounting.
The price action is developing a major Descending Wedge pattern, which typically entails likely uptrend continuation. However, the latest developments could change that.
After having broken down below the 100-day MA (in blue) yesterday, the share price is currently testing the lower boundary of the Wedge. If it gets broken as well, then JPM could tumble as low as the major support level at 140.00. The latter is currently converging with the 200-day MA (in red), making it an even more prominent price level.
In contrast, the broader bullish trend could still survive, but the share price would have to rebound immediately and then break out above the upper boundary of the Wedge. In case that the price does indeed manage to complete the Wedge, it would then be able to test the all-time record resistance level at 160.00.
Head and Shoulders BreakdownI think it will sell off to atleast $141 but any real price action above $160 will change my mind.
JPM LongWilliam Alligator : the stock is in a bullish position because the candlesticks are above the Teeth, Lips and Jaw, and the lines are “eating with an open mouth”, this indicates that the stock is in a strong uptrend.
RSI : line is under 70, so the stock is not overbought.
Candlestick patterns : there is a bearish engulfing which is a bearish confirmation.
Overall : it can be interesting to take a buy position on this stock because the indicators indicate that the price is increasing. Entry price is higher than the current price for assurance and stop loss is set at -5%.
JPM speculating ideaHi everyone, so today will be published new statement, which can cause growth or falling of JPM stock at swing strategy.
Just need to wait.
Even with problem from COVID-19 JPM can show good results.
JPM - ER Run-Up: Low risk scalpTrigger to go long is on break of 157.68. Upside price targets are above. You can scalp weeklies on this one as they report ER on the 14th.
JPM: Bullish Triangle$JPM tested the support line of the bullish triangle and after that we saw a clear bullish reaction.
$ JPM has its Earnings Report as of April 14, 2021.
Targets:
$158.64
$160.63
Thank you and Good Luck!
JPM: Bullish trend ahead of the earnings report
Share prices have breached the resistance trend line at 154.70 after many attempts as indicated on the chart and closed the last session 156.35 up 0.75%.
The major levels to the upside are at around 157.60, 158.70, 160.50, 161.60, 163.40
Support at around 154.70, 152.90, 151.77, 150.00, 148.90, 147.78, 147.00
$JPM Before earningsJPM is looking at a retest of that 160 target I had a few days ago. As expected, algos took profits and it put in a bearish candle at the top. It seems like JPM has been trading inside a very range for a while, and if earnings posted are good, it should break higher, looking at 160 calls that should be paying nicely on this swing. All indicators show a bullish trend to the upside, especially the Stoch RSI. There is a slight bearish divergence on the Ichimoku indicator that is showing near term bearishness. I like this setup to retest the highs at or after ER.
