This Friday 13/07/2018 three of the main USA Banks are releasing quarterly results #JPM #C #WFC,
The Banking sector is experiencing positive fundamentals that have been driving the spike of their stocks in recent months:
1. USA Interest rate hikes: according to Bloomberg research, for each 1% that USA increases the interest rate level Banks like Bank of America ...
JPM seems to be breaking our of a head and shoulders pattern, also backed by the Coppock curve breaking out of defending triangle and will probably rebound to carry on going even more negative. Also, I would short now, but if it breaks the 100 MA then its a definite short until the support of the last flag pattern. Furthermore the stock seems to be entering a new ...
The 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 ...
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 ...
