Hey everyone,
I took sometime to chart
JPM, JPMorgan Chase & Co., on the 65-minute timeframe.
Every 6 candles = 1 day.
I took a bullish Fibonacci on the low of Aug 5th ($190.90) and dragged it to Aug 30th's all-time high price of $225.48.
On Sept 14, price dropped to the 0.618 Fibonacci @ $204.11 and price hovered around the area for the next few days. As of EOD yesterday, Sept 16, price is hitting minor resistance on the 0.5 Fibonacci @ 208.19.
I am bullish onJPM but not going to take any plays as of yet.
External factors like the Fed's decision on interest rate and other economic news have huge influence this week.
I took sometime to chart
JPM, JPMorgan Chase & Co., on the 65-minute timeframe.Every 6 candles = 1 day.
I took a bullish Fibonacci on the low of Aug 5th ($190.90) and dragged it to Aug 30th's all-time high price of $225.48.
On Sept 14, price dropped to the 0.618 Fibonacci @ $204.11 and price hovered around the area for the next few days. As of EOD yesterday, Sept 16, price is hitting minor resistance on the 0.5 Fibonacci @ 208.19.
I am bullish on
JPM but not going to take any plays as of yet.External factors like the Fed's decision on interest rate and other economic news have huge influence this week.
Nota
JPM making its way up as per our analysis on the price action due to hitting the bullish 0.618 Fibonacci on the 65-minute timeframe.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.