JP Morgan Chase And Co Stock Code JPM.NYS
Price broke above the cloud on 6 August 2021 and in the previous trading session, was able to close above the cloud, which could be a sign that the correction could be over. Conversion and Base lines had a bullish crossover, hinting of a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud. MACD is bearish at the moment, with both lines below the zero line. However, MACD had given a divergence warning with price earlier, warning of a possible Double Bottoms chart pattern in the process of forming. This is a bullish reversal chart pattern. We think price is likely to move higher to the previous high at $166.09 in the next 2-3 weeks.
$166.10 Price Target
$153.70 Risk Management Stop
3 weeks Trade Duration