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Over-speculated Patterns Heading Into Earnings Season

JP Morgan Chase (BATS:JPM)  
MarthaStokesCMT-TechniTrader  
BATS:JPM   JP Morgan Chase
Candlestick Analysis Support and Resistance Earnings JPM earningsseason Chaikin Oscillator (CHO) candlestickpattern support angleofascent bankstocks
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candlestick supportandresistance earnings jpm earningsseason chaikinoscillator candlestickpattern support angleofascent bankstocks
JPM is the last Bank that has been able to hold onto its Dow 30 component status. It is running up on a combination of buybacks and ETF development for Dow 30 index components.

The stock is over-speculated heading into the earnings season. Volume Oscillators show the extreme pattern clearly. So even minimal weakness in the earnings report could cause an HFT trigger. It might surprise either way.

Some of its growth in 2023 was due to the regional bank debacle when JPM chose certain small banks to target for a silent hostile takeover.
Martha Stokes, CMT
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