JP Morgan Chase & Co.
Long
Updated

JPM - Potential move to ATH and beyond

104
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Volume
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- neutral

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Price Action
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- Uptrend line intact
- Supported at $290 region

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Technical Indicators
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- Ichimoku
>>> price above cloud
>>> Green kumo contracting slightly
>>> Tenken [Conv] - Above clouds
>>> Kijun [Base] - Above clouds
>>> Chiku [lagging] - Above clouds & pointing up

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Oscillators
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- MACD turning bullish
- DMI turning bullish
- StochRSI, turning bullish, crossed and entered band

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Conclusion
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- short to long term breakout swing
- price may reverse at current level, to enter spot or wait for pullback at entry 2.
- Entry and exits depends on your time horizon and risk management.

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Positions
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Entry 1 - $300
Entry 2 - $295

Stop - $288

Exit 1 - $307
Exit 2 - $317
Exit 3 - $333
Exit 4 - $345
Exit 5 - $360
Trade closed: target reached
TP 2 reached

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