JPM , 4H chartALVO13 Insight: A strong mix of technical structure and positive fundamentals.Technical Setup (Elliott Waves):
The chart suggests a potential start of wave (5) after a completed correction (4).
Stochastic is in the oversold zone, and $280 support is holding — a key signal for a possible reversal.
Key Levels:
• Support: $280.00–280.47
• Resistance: $295.73–298.02
• Target (Wave 5): $315.67
Fundamental Factors:
JPMorgan forecasts up to $500B in new equity inflows from retail and institutional investors during H2 2025. This could lift the market, especially financials.
Banks are likely to benefit from upcoming trade tariffs — via increased demand for hedging, transaction fees, and advisory services.
PM remains one of the most solid U.S. banks, with strong dividend policies and excellent return on equity (ROE).
ALVO13 Trade Idea:
• Entry: $282–286 (confirmation-based)
• Stop-loss: below $280
• Take-profit: $315+
• Risk/Reward: 3:1
Break below $280 invalidates the bullish wave 5 scenario.
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Disclaimer
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.