Tag: JP Morgan Chase and Co

CFD Trading – Buy JP Morgan Chase & Co (JPM.NYS) @ $122.10. Stop @ $116.80 and Target @ $131.80.

Nicholas

JP Morgan Chase & Co Stock Code JPM.NYS

Outlook

Price broke above the cloud in the previous trading session, changing the chart trend to bullish after a six-month bearish price trend. Conversion and Base lines had a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is below the cloud. MACD is bullish and is hinting at a bullish price trend. If price is able to stay above the cloud, it could be heading higher to the next price resistance at $131.86 in the next 2-3 weeks.

Strategy                  

$122.10              Buy

$131.80              Price Target

$116.80              Risk Management Stop

3 weeks              Trade Duration

CFD Trading – Buy JP Morgan Case & Co. (JPM.NYS) @$157.35. Stop @ $153.70 and Target @ $166.10

Nicholas

JP Morgan Chase And Co Stock Code JPM.NYS

Outlook

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.

Strategy                  

$157.35              Buy

$166.10              Price Target

$153.70              Risk Management Stop

3 weeks              Trade Duration

CFD Trading 3 June 2019

Nicholas

JP Morgan Chase and Co Stock Code JPM.NYS

Outlook

Price gapped below the cloud on Friday night and closed that day below the cloud as well. Both Conversion and Base lines had a bearish crossover earlier, hinting of a bearish trend before price actually broke below the cloud. MACD has turned bearish and is moving lower, hinting of more price decline ahead. A bearish Flag chart pattern is also hinting of further price decline with a price target at $100.20. Fibonacci 200% price target is at $100.05 while a previous price support lies at $98.20. We think price is likely to move to either $100.20 or $98.20.

Strategy

$106.80 Sell
$100.05 Price Target
$110.20 Risk Management Stop
4 weeks Trade Duration

Proctor & Gamble Co Stock Code PG.NYS

Outlook

Price broke a 7-month rising trend line and this is a hint of a bearish trend coming. Price is in the cloud and could break below the cloud soon as Conversion and Base lines had a bearish crossover on Friday. MACD had earlier given a bearish divergence warning. Price could be heading lower to the next support at $96.96 with $93.10 being the most likely destination.

Strategy

$103.20 Sell
$93.10 Price Target
$107.60 Risk Management Stop
4 weeks Trade Duration

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