Hello Traders!
I see a couple reversal signals for JPM, a stock which has been on a bullish run.
Signs of continued Reversal :
#1 Hidden divergence signaling the recent downtrend may continue.
#2 Price action falling below both the VWAP and 50EMa
#3 Broke a key level moving downwards. I'd like to see it retest the recently broken key level before deciding to enter.
There are a couple of reasons as to why I like this trade. My first target would be 114 with the next one being 110 after a break below another key level. There is a gap to fill which could possibly make this trade have an insane RR. Let me know what you think!
Disclaimer: I am not a financial advisor and am not offering financial advice. All charts posted are for educational purposes only.
I see a couple reversal signals for JPM, a stock which has been on a bullish run.
Signs of continued Reversal :
#1 Hidden divergence signaling the recent downtrend may continue.
#2 Price action falling below both the VWAP and 50EMa
#3 Broke a key level moving downwards. I'd like to see it retest the recently broken key level before deciding to enter.
There are a couple of reasons as to why I like this trade. My first target would be 114 with the next one being 110 after a break below another key level. There is a gap to fill which could possibly make this trade have an insane RR. Let me know what you think!
Disclaimer: I am not a financial advisor and am not offering financial advice. All charts posted are for educational purposes only.
Pesanan dibatalkan
Never entered this trade.
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.