JP Morgan Chaseלונג
JMP 15.08.19 Long
Asset and Time frame -JMP, Daily&Weekly
Entry Price -101$ - 101.84$
Exit(Stop Loss) -98.79$
Exit(Take Profit) -115.06$
The range between SL and entry - 2.61$
Technical Analysis -Weekly Chart - Fibonacci made an ABC pattern and the chart is bullish, although we broke the 100SMA and the double top, we need to remember that the earnings were positive.
Daily - Daily chart made an ABC pattern and then went down further to the -61.8 level, the next level is the -1, this is where I will place a Limit Order to buy the stock, But,a few things to consider before buying or placing a limit order.
The Market-The market is very bearish atm because of the inverted yield curve, so we have a lot of sellers and panic right now, only buy if you see a reversal candle off the -1 Level with some good positive momentum, would be better if you have some kind of divergence from the RSI.
Why not enter the trade -Market is strongly bearish.
What direction does the market move -Weekly bullish, Daily is bearish.
What can be improved -
Conclusion & End of Trade -
Entry Price -101$ - 101.84$
Exit(Stop Loss) -98.79$
Exit(Take Profit) -115.06$
The range between SL and entry - 2.61$
Technical Analysis -Weekly Chart - Fibonacci made an ABC pattern and the chart is bullish, although we broke the 100SMA and the double top, we need to remember that the earnings were positive.
Daily - Daily chart made an ABC pattern and then went down further to the -61.8 level, the next level is the -1, this is where I will place a Limit Order to buy the stock, But,a few things to consider before buying or placing a limit order.
The Market-The market is very bearish atm because of the inverted yield curve, so we have a lot of sellers and panic right now, only buy if you see a reversal candle off the -1 Level with some good positive momentum, would be better if you have some kind of divergence from the RSI.
Why not enter the trade -Market is strongly bearish.
What direction does the market move -Weekly bullish, Daily is bearish.
What can be improved -
Conclusion & End of Trade -
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.