4JPM trade ideas
JPM - Indicator of the larger economyTo premise this, I am a long term bull on JPM and own shares in the company.
Being so, I wish JPM will continue to go up and up but that doesn't seem to be the case.
The economy was shut down and even though it is opening up, it would not be the same as before, at least not in the short term.
If we were to just look at the recent sessions, the symmetrical triangle developed out of investors' indecision. Decreasing volume also indicates this.
JPM seems to be on the verge of a breakout but chances are the movement will probably be a massive move downward. If the lower trend line breaks or if the fed stop printing money, we might be in for a world of pain.
Pay attention to volume. If volume starts increasing, chances are we will see a large drop.
I think there will be some chances to buy in the 80-85 range.
JPM to Retest LowsJPM looks weak, should retest the low. Make sure you have have trailing stop loss. Good Luck
JP Morgan D1 The banking sector is at the bottom, after a strong fall associated with the global epidemic. While the global economy did not function, banks received less profit. Now business activity is recovering and banks are increasing cash flow. Likewise, lending programs will now work more actively, because many areas of the business will need additional investments. The shares of one of the largest banks in the USA JP Morgan are at a very convenient price to buy and have a good prospect for growth.
JPM - Potential H+S Pattern - One to Keep an eye onPotential H+S pattern on JPM, certainly one i will be keeping an eye on, as it seems that it may have started to break down from the right shoulder.
-TradingEdge
JPM eyes 66,5$ levelThere are a lot of weak charts out there, this is one of them. As S&P and other went all the way up to high levels JPM and some others struggled a lot. Now that we see an oncoming weakness in the broad market, charts like these will fall like rocks as other more stronger ones brace for a correction.
JPMLooks bearish. Couldn’t go over 93 open today at yesterday’s close. MACD cross and both 20 & 50 MA trending down
JPM sin definir aúnCreo que JPM está en una tendencia lateral sin señal clara de dirección.
SHORT: Si cae por debajo de 88.40 habilita caída a 79.50 ó 77.30
LONG: Si pasa los 100 habilitaría 109 y luego 115
$JPM maybe time for a bounce after touching upward trend lineEvery time $JPM has touched the long term upward trend line it has had a very nice bounce. It has once again touch the upward trend line and maybe ready to bounce.
By JPM between 88 - 92I expect JPM to keep following the trending line better to accumulate between 88 - 92
Target is 50 SMA around 99-100
JPMorgan Breaking Out of Bear FlagJPMorgan may be breaking out below a bear flag formed from the March lows as we speak.
CLEAR ascending support on JPM - and we are lazy at it right nowAscending support on JPM - some will also identify the pivot highs calling for a triangle pattern.
Keep an eye on this support level if the market gets weaker - looking for things that were already lazy when the market was strong... looking for those to then get even weaker when the market gets weak... this is a good way to find intraday setups!
Hope this chart perspective helps the community
xeenos trading - sending positive energy to all those watching.
JPM CALLSCurrently in the house of pain on our JPM calls. We'll keep track of this one as we close in on our expiration.
JP Morgan - JPM - Strong SellJPM :STRONG SELL
Analysis Method: Fibonacci & Wave Theory
Wave Sequence: Hourly
Target: $50
Time-frame: 40-60 days (June)
Will update.
FMW
JPM - 4/18/20JPM Golden Cross on 4/17, foreseeable cloud is getting thinner, looking for nearest high 103ish.
