JPM trade ideas
JPM-It's in the charts--mini-double bottom break-outs I think this is a likely scenario---JPM typically forms small double bottom (Adam/Eve, Adam/Adam etc.) right before breakout to a change to an up-trend. It's where we are today. While we are not going back to highs for some time---we do have have room to bust 100...105...110...114.....
Once the buy-backs come back (next year) we'll go back up a monster wave to 150 for ATH.
It's a boy! I mean but!!!
09/29/2020 JPMJPM looks to have finished a complex wave 4 in an expanding triangle. Looking for a wave 5. It is hard to be bullish on banks, but given the recent allegations again JPM and the trendline support holding, it may be worth a shot at letting some monthly options play out.
JPM_Base of Wave Three has arrived. BULL MARKET LIVES!There are a lot of different models for this, and It's hard to determine, but some of the models I have seen have the first wave forming at the first high after the covid sell-off (96.55), but I consider that cluster part of market chaos/confusion and consolidation and therefore part of the formation of wave 1, wave 1 saw the highs of 115, initially I believed, the pullback of wave two was ending at the end of July/Beg. Of Sept---but now I think it extended lower in what seemed a long and torturous wave…but! Just over the last 1-2 days the base has started to form and we are beginning wave 3, which will likely back shortly 115 (earnings?), then a wave 4 pullback will be swift and decisive (opposite of wave 2—as per the typical convention of these waves) after which JPM will progress upwards towards a level that will surpass their ATH…which, could even come sooner than later...Post election might see an end of short wave 4 pullback and final wave 5 going into the new year.
Regardless of the exact trajectory the waves take, I do believe Banking is showing signs of rotation---not necessarily reflective in a price extension at current, but by the signals that other sectors are taking a breather, and the banks are slowly creeping out of consolidation and in an upward leaning trend.
ABC Bullish Earnings 10/13 BMOStop under C
R overhead
This one has tried to break out before but did not hold on
Times are tough for banking stocks. I guess we have to have banks though.
Possible T2 133.4 to 144. I would be focused on T1 for now (o:
Short interest in low
Not a recommendation
JPM - Elliottwave analysis - trade update Welcome guys,
CycleWave is the top author sharing trade ideas based on EW analysis since last four months on the global stocks, currency pairs, cryptos, future indices and commodities.
JPM - It is in (Y) wave as ABC zigzag and 4th wave of C down is in progress, which was earlier predicted when price was at 103. This is the update of that trade. Sell on bounce near 95.00-96.50 for again one more down cycle to end the correction.
JPMORGAN AND CHASE path and direction Hello everyone
JPMORGAN at critical level
as shown in chart
good luck
JPM - Long to $97.00 - $97.50NYSE:JPM
Just a long idea:
Entry $94.00 - $94.50
Take profit $97.00 - $97.50
Stop loss or hold long is up to you
Disclaimer!
Possible Head & Shoulders for JPM?JP Morgan is under pressure, and rightfully so, considering they've been caught with their hand in the cookie jar, once again, ahhhh the blasphemy!
I always find it ironic when the same banks calling Bitcoin a fraud get caught for fraud or money laundering, it strengthens the argument for Bitcoin every single time.
Possible H&S breakdown, bearish cross on the KST. I zoomed in on the KST so the bearish cross is noticeable, but if you zoom out there's a noticeable H&S pattern.
Descending Triangle on the RSI, similar to the blue pattern in the price action, potentially double bearish confirmation.
The FED is busy saving the DXY & trying to prevent the USD from losing world reserve currency status, so maybe they'll let assets decline until elections are over, who really knows? But if the USD collapses I don't imagine all assets prices will increase, it could get fugly.
$JPMas you can tell all financials went down today, with no reason. but from what I can see and expect is in the gap circled (white) to get filled within these next days before earnings (October 13). I think we will be hitting 105 by next week in a bullish market.
JPM - Long to $102, $105My trade plan is continuous keeping all of Long positions in the Banking Sector.
JPM and BAC can return to Uptrend after hit the Bottom Support Trend Line.
Disclaimer!
JPM to LongTriangle around EMA144
Near breakout -- not sure which direction
Entry: 103
Stop: 98;
Target: 120; reward:risk=3:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
JPMorganc Chase (JPM) - Sell on bounceJPMorganc Chase (JPM) - it is underperforming the SPX and other financial stocks. It is in WXY complex correction as double zigzag and C of Y wave is in progress. So sell on small bounce up to 102-103.80 with stops above 105.30 for target zone below 90 or even lower as primary target. The pattern confirmed below 99.45 level. so it can traded as breakdown trade set up also.
Ready for upward movement after pennant breakoutJPM showed relative strength during a market pullback and confirmed a pennant breakout with its close even on a down day. A rotation into banks may provide the volume this needs to see fib targets above. Safe entrance above last market open. Stop loss can be set at the fib below.
JPM getting squeezedcoiling with in the range. It can break either way depending on how it breaks and market condition.
JPM to resolve. JPMorgan continues in a bearish channel with a short range between 96 and 106 dollars. We can to see a sort of triangle can to resolve bullish, but the international economic context seems to dilate the recovering of the financial sector. However, if you go to long then, clearly, this moment is an opportunity to buy and hold.
JPM Long PotentialFinancials look strong. Watching for a potential breakout from the stronger banks (GS, JPM) as XLF tests the 200. The market cannot recover without financials and tech has gotten love for too long. Let's see what happens.
