If you haven`t sold JPM here:
or here:
then you should know that JPM JPMorgan Chase seems to be most capitalized bank in the US, ready for the economic hurricane that its CEO, Jamie Dimon, predicted.
Most business and retail clients will move their funds to JPM after this bank run.
Looking at the JPM JPMorgan Chase options chain, I would buy the $140 strike...
J.P. Morgan Chase NYSE:JPM has bullish divergence in confluence with a falling wedge pattern!
-Bullish divergence was identified on the weekly chart.
-The falling wedge was identified on the daily chart.
Bias-Bullish
Peace, Love & Abundance,
MrALtrades00
JPMorgan Chase
Intraday - We look to Buy at 109.10 (stop at 104.26)
Short term momentum is bearish. Bespoke support is located at 109.00. Price action continues to gravitate towards crucial support levels with aggressive selling interest. Support could prove difficult to breakdown. We therefore, prefer to fade into the dip with a tight stop in anticipation...
JPM $JPM Initial Long. This is a pure digital signal processing signal just as are every other signal I post. ZERO other factors are considered in producing this signal.
Entry reasons: JPM is showing momentum and confluence of mean reversion crossing up the 70 day price mean.
Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step...
Welcome to our Weekly V2-Trade Setup ( JPM ) !
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4 HOUR
Small pullback towards previous support zone.
DAILY
Expecting more upside pressure now!
WEEKLY
Market looking for a turn..
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STOCK SETUP
BUY JPM
ENTRY LEVEL @ 167.48
SL @ 158.14
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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