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Jpmorgan Chase $JPM Trading Report
Long Term Trading Plans for JPM
February 11, 2020, 4:00 pm ET
The Technical Summary and Trading Plans for JPM help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this JPM Report.
JPM - (Long) Support Plan
The technical summary data tells us to buy JPM near 134.28 with an upside target of 141.02. This data also tells us to set a stop loss @ 134.02 to protect against excessive loss in case the stock begins to move against the trade. 134.28 is the first level of support below 138.045 , and by rule, any test of support is a buy signal. In this case, support 134.28 is being tested, a buy signal would exist.
JPM - (Short) Resistance Plan
The technical summary data is suggesting a short of JPM as it gets near 141.02 with a downside target of 134.28. We should have a stop loss in place at 141.28 though. 141.02 is the first level of resistance above 138.045, and by rule, any test of resistance is a short signal. In this case, if resistance 141.02 is being tested, a short signal would exist.