Following its latest earnings release, JPM is consolidating tightly near its all-time highs, showing relative strength by holding steady even as the broader market pulls back. Notably, the price action is resisting the distribution marked by the red line on the RSI. It’s worth mentioning that the first time JPM hit $225 in August, it saw a sharp pullback to the $200 range. This time, however, it’s holding above the earnings gap-up range.
If you’re bullish on the market, this stock is definitely one to keep on your radar.
If you’re bullish on the market, this stock is definitely one to keep on your radar.
Trade active
took profit today (Nov20) on 40% of my position at $241Note
took another 10% off at 245.80
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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.