4JPM trade ideas
Pair Trading Idea JPM/PRUApplying some of the most popular indicators on the pair JPM/PRU shows an interesting pattern. While PRU NYSE:PRU has been clearly outperforming JPM JPM since several weeks, a trend reversal seems to occur. JPM might catch up in the coming days and weeks. The daily and the weekly RSI (1st indicator at the top "Ultimate RSI Multi Timeframe"), the Wave Trend Oscillator (2nd one) and the ultimate MACD oscillator (3rd one from the top) reversed recently from their lower ranges. The Squeeze Momentum Indicator (at the bottom) shows a nice divergence, which is also observable on the RSI.
The price action confirmed the reversal in the last days. The setup is worth being given a shot: Short PRU, Long JPM. The strategy is market-neutral and is profitable when JPM starts to outperform PRU.
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****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.
JPMTechnical : RSI 59.160 , Support Level 100.22 100.54 100.97 Resistance Level 101.72 102.04 102.47
Fundamental : JP Morgan Chase & Co. for the nine months ended September 30, 2018. Interest income increased to $56.4b by 19 percent. Net interest income after provision for loan losses increased by 13 percent to $37.38 billion. Net income for common holders increased from 28 percent to $24.07b.Net interest income after loan loss provision reflects a 77 percent increase in the Consumer & Business Banking segment to $ 22.92b, a 47 percent increase in the Corporate & Investment Bank segment to $ 7.4b.
