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JPM

Potential short set up for JPMThis is a potential set up and not yet actionable unless you want to take an aggressive starting position. JPM has finally up to pre COVID price level. The run up recently has been too fast too sharp in my opinion. RSI is extreme over bought reading. Any marginal high will extend the PPO divergent high. Be careful trading this since the earning is coming up on this Friday before the bell. I can see rejection here or making a marginal new high and fade. That would be a bull trap and down move may be pretty swift. Down side target for me is the yellow trend line from COVID March low or the top of the gap at $112.55.
NYSE:JPMShort
by TK0421
4
Top Stock Picks - Trade Idea JPMShort-Selling Idea for JP Morgan after tomorrow's earnings report. Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose.
NYSE:JPMShort
by Michael_Harding
1
JPMORGAN ready to give a 15% bullish movementToday we will share a bullish analysis of JPM, explaining the major zones and the potential movements we can expect Relevant items: -The key area to pay attention to is the Resistance zone. We can see in the past what happened after the price broke it. We had an 18% bullish movement -It's important to pay attention to the corrective structure formed on the edge of the resistance zone. Now we have the same situation at the same level -The target we are choosing is a Double top pattern with the All-time high zone. -We will define the RISK-FREE level at 130.5. This means that if the price reaches that zone, you should have your stop loss moved at the entry-level. -Based on past behavior, this movement can take around 70 days.
NYSE:JPMLong
by ThinkingAntsOk
2
BAC run-up till ER NYSE:BAC With vaccine news, banks are expected to have less money put aside to cover default-risk-related assets, that is the recent run up. Also the fed Rate has "quietly" go up and US 10Y also run up which cause this bank bull run. so Bull side: more vaccine/news rally this can go to test 30.4 level , which could be a strong resistance. Bear side: considering 2H,4H MACD strength as declined although price has pushed higher, this indicate upside strength losing. Overall : current price indicate bull side, unless 27.8 area breaks ( we also have 20MA below) we can hold and using covered calls at 31 level to lower position cost. Patience is the key.
NYSE:BAC
by JasontryHarder
The chart doesn't lie, Bullish Flag breakout for JPM? JPM is noticeably breaking the downward blue sloping resistance of a possible bullish flag, notice on the RSI we have already seen a breakout of the pattern and a re-test of old resistance turning into new support, very bullish. Not a big fan of JP Morgan, only for bashing Bitcoin, other than that, they have the FED in their back pocket, DON'T FIGHT THE FED, FFS! Or, did the FED bypass banks with a digital USD? Time will tell, but the chart is bullish, stonks only go up!
NYSE:JPM
by ScotianBot
4
JPMorgan: Good report, indicators say the opposite.Despite the excellent earnings report released yesterday that showed the company hit the forecasts, our indicators, based on technical analysis only tell us that the stock in its the way down. According to the MACD, we should see a sharp drop by the end of the week also, the RSI doesn't say differently. The bottom line is the same: For the long run JPMorgan is certainly a-must stock in every portfolio but, it can be a bad entry point. Trade safe
NYSE:JPMShort
by FinanCollege
Financials in trouble200sma has been a strong resistance since the March drop. The red circles show 4 times trying to get to it. Placing fibonacci retracement lines shows confluence with a support level (green rectangle from late June --> early July) The 20sma crossed below the 50sma on September 27th. (Bearish signal trend model) Also, if we close at the current price, we are getting a bearish engulfing candle. I would feel comfortable getting in around $22.7, being fundamentally bullish on the sector.
AMEX:XLF
by dorfmanmaster
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.
NYSE:JPMLong
by nycmary
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.
NYSE:JPM
by ScotianBot