FinanCollege

JPMorgan: Good report, indicators say the opposite.

Short
NYSE:JPM   JP Morgan Chase & Co
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

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