JPM forming what appears to be a long-term bullish ascending triangle with resistance just below $120. We saw some huge call volume today ($50M+) in Jan'19 deep-in-the-money contracts ($40/$65/$70 strikes). Earnings due out late next week - monitor for an eventual break through ~$119.50 resistance level.
Medium term target - $130
Long term target - $147
Note: Informational analysis, not investment advice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.