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Jpmorgan

JPMorgan - Potential accumulation towards 98.38Since price rallied from 81.60 in June this year to the recent high in July, price has been in a consolidation phase. We saw a false breakout above the 94.47 high in July before making a recent low of 89.07 in September. This is a typical expanding flat structure according to the wave patterns. Price has too met the minimum expectation area of 123.6 to 161.8 fib expansion. We are now expecting price to continue its move higher from here potentially targeting 98.38 area. *Disclaimer - do your own due diligence on the fundamentals of JPM before investing into it.
NYSE:JPMLong
by KarYong
Technical Double Top Could Lead to JP Morgan Chase (JPM) DropJP Morgan Chase & Co recently achieved a double top pattern. This pattern is a significant technical signal that normally sends the stock down to a common level of support. The double top and other technical indicators are detailed below. JP Morgan Chase has been in a long term bull trend and will most likely continue after the stock drops. When we look at technical indicators, the relative strength index (RSI) is at 55.7791. RSI tends to determine trends, momentum, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. Currently the RSI is neutral and has been moving downward. It is roughly at the same level it was last time a top was reached. This lead to a continual decline for the RSI and the stock. This is the first indication of likely downward movement in the short-term. The positive vortex indicator (VI) is at 0.9785 and the negative is at 0.9991. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The positive and negative levels have been moving in a manner consistent with downward movement for the stock The negative indicator has been rising at the same time the positive has fallen. They have just passed each other which will lead to a continual decline for the stock. Once again, this indicator is roughly at the same level it was when the last top was declining. This is the second indication of likely downward movement in the short-term. The stochastic oscillator K value is 63.1339 and D value is 76.4461. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The stochastic is departing overbought territory which tends to lead to a decline for the stock. This is the third indication of likely downward movement in the short-term. This indicator is also near the same level it was as the last top was declining. SPECIFIC ANALYSIS The first top occurred in early March. The stock proceeded to drop 13.13% over the next 62 trading days before rising again. The light blue line across the chart represents 86.56 which has been a commonly hit mark for the stock in its recent uptrend. The aforementioned top to this level took 14 trading days to occur and resulted in a 7.90% drop. Since the stock first broke above the 86.56 mark in December 2016, that line was in a trading day's range 43 times. That is 30% of the previous 144 trading days. This common level will most likely be hit or provide support for the stock over the following 41 trading days. The final level studied which is most strongly dictating my conservatively placed projection is a Fibonacci retracement. According to Investopedia, "Fibonacci retracement is created by taking two extreme points on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%.". A 61.8% retracement from the bottom to the top of the recent vertical distance marries up exactly with the 86.56 level. If the stock were to give back 100% of its most recent movement (May 31 low of 81.64 to July 6 high of 94.51) the stock would drop to 81.64. This is the fourth indication of likely downward movement in the short-term. Considering the RSI, VI, stochastic levels, and recent movement from the last top, the stock should see downward movement over the short to intermediate time period. Based on historical movement compared to current levels, the stock could drop at least 5% over the next 29 trading days if not sooner.
NYSE:JPMShort
by StockSignaler
WELLS FARGO and JPMORGAN CHASE UPDATE. I told you guys I couldn't afford two trades going against me. Am I worried about my WFC bull spread? A little. NOT because I think WFC is on a downward spiral BUT because I don't know if it'll get in my range in time (53ish). It won't stay down for long that I do know. I just hope it does it in time. I have a lot of trades going against me. WFC, HLF, and EBAY (I got into it by accident, LONG STORY) but anyways i'm optimistic about all of my trades (maybe not EBAY, i'm neutral on it by the way) we shall see. So far I got two winner trades this year. URBN and LULU. I'm going to keep on keeping on. Atleast I knew JPM was going down on earnings. I did underestimate WFC though but it wasn't slaughter. JPM's hit was a bit more blunt and I also expect JPM to go up, even faster than WFC although I know banks follow eachother, but WFC can't catch a break. NOT LIKE THEY DESERVE IT!! THEY WONT EVEN HIRE ME! haha
NYSE:WFCLong
by Tapia
JP Morgan's Ethereum 7:30pm March 24 #NeverForgetETH 7:30pm 3/24 #NeverForget #failedpump I heard a lot of talk about thin books. But all I see was mad buyin, no selling which means a one sided market. Failed Pump in my view until proven otherwise. And I need more than a link to a ordersheet that only reinforces my view that JP Morgan has jumped the shark with their support of ETH. I think they saw an opportunity with Bitcoin prices falling, to jump on the surge in AltCoins. They've shown their hand. No need to fight it, it is what it is. They have their Panama Canal of Crypto, and they will do what JP Morgan has always done. Win.
by allthemoneys
2
JP Morgan remains strong - outperforming SP500The underlying bullish trend remains intact, as prices post new highs. Momentum studies are already overstretched, however, but downside risks are likely to remain limited as monthly studies remain strong and investors maintain a buy-into-dips strategy. JP Morgan is also outperforming the SP500, and as a proxy for the broader based US Financials Sector, asset managers are likely to maintain an overweight stance in this sector.
NYSE:JPM
by Michael_Macdonald-XATSUK
Barclays PLC GETTING READY TO FILE BANKRUPTCY BY 2022From 2007 high it is going down trend. And now in near future it will re-test the 2009 low around $2.75.(see green line in the chart) If it fails to hold then BCS will go pennies on the dollar. Though you might have missed the maximum profit ratio by shorting but still you guys have some hope as it is only trading around $8 range and soon it will free fall. Good luck to you all. It will be a painful as those trickling down might take some time.
NYSE:BCSShort
by sum1
6
JP MORGAN CHASE - Trading the S/R Levels and Zones JP MORGAN CHASE - Trading the S/R Levels and Zones Trading Rules: All S/R Zones has power to reverse the trade, but once broken with a closing candle Support zone will become Resist zone, and Resist zone will become Support zone. Only trade when levels in zones are touch for the first time with a 1 hour engulfing candle to confirm the reverse. Do Not chase price, let the price come to the S/R zones before entries. S/R levels between zones can be use as Take Profit or stop lost location.
NYSE:JPM
by KaKeungChoi
1
JP MORGAN CHASE - Trading the S/R Levels and Zones JP MORGAN CHASE - Trading the S/R Levels and Zones Trading Rules: All S/R Zones has power to reverse the trade, but once broken with a closing candle Support zone will become Resist zone, and Resist zone will become Support zone. Only trade when levels in zones are touch for the first time with a 1 hour engulfing candle to confirm the reverse. Do Not chase price, let the price come to the S/R zones before entries. S/R levels between zones can be use as Take Profit or stop lost location.
NYSE:JPM
by KaKeungChoi
2
JPM - Possible ShortJPM has declined from a double tops formation which is marked by two horizontal blue lines at approximately 70 and 68.5. Based on this formation, we would expect a new resistance level to be established at approximately 60, which has been the case thus far in 2016. At the moment JPM is flirting with this line at 59.76 which brings up the question of whether it can break its resistance level or if it will decline again. There's little to indicate that it should continue upward in a bullish manner. First note the expected decline from its recent double tops. This is the first price range shown on the chart, declining 14.31% from the resistance at 60. In actuality, the price never declined more than 11.09% (the second price range shown on the chart). This is a weak indicater that more bearish behavior is possible - albeit a weak one as its not at all uncommon for a reversal to miss a price target. Second we can examine the volume, which is at 20.929M shares today against a moving average of 24.179M. Volume over the past several days has failed to increase significantly and show strong buying pressure, despite a jump in price. This suggests little moment behind the move. Third , we can look at the last time the stock tried to reach its resistance level. On a similarly abrupt spike and on similar volume, it crashed dramatically almost immediately after and set a new low. In terms of evidence favoring a bullish move, I should point out that there is a stubby little head and shoulders bottom pattern that appears from mid January until now. I do not believe this is a valid formation based on the nature of the head (you can examine JPM using candlesticks and see its a single outlier), volume spikes that are inconsistent with the formation, and its uncharacteristically short duration (though head and shoulders certainly do appear over short timeframes, I'm wary of them without strong confirming indicators). Overall I think that while its possible (especially if the market on the whole surges) that the stock moves up from here, it is most likely that JPM will fail to pierce its resistance level and will decline to approximately 57 , possibly even setting a new low as it did the last time it approached resistance.
NYSE:JPMShort
by tapkcir