JPM is moving inside a well-defined ascending channel, and the price is currently trading near the midline of the channel, slightly above the 50-day SMA.
This is a decisive zone:
either the price bounces toward the upper channel,
or it breaks below the midline and heads toward the lower boundary.
Current price: $307–308
Bullish Scenario (More likely given the structure)
As long as the price holds above the midline and the 50-day SMA, an upward push is expected.
Bullish Targets:
• Target 1: $314
• Target 2: $320
• Target 3: $324–325 (top of the channel)
Bearish Scenario
If the price drops back below $301–302, downward momentum may accelerate.
Bearish Targets:
• Target 1: $295
• Target 2: $288
• Target 3: $276 (lower channel support)
Stop Loss
• For long positions: Below $301
• For short positions: Above $314
This is a decisive zone:
either the price bounces toward the upper channel,
or it breaks below the midline and heads toward the lower boundary.
Current price: $307–308
Bullish Scenario (More likely given the structure)
As long as the price holds above the midline and the 50-day SMA, an upward push is expected.
Bullish Targets:
• Target 1: $314
• Target 2: $320
• Target 3: $324–325 (top of the channel)
Bearish Scenario
If the price drops back below $301–302, downward momentum may accelerate.
Bearish Targets:
• Target 1: $295
• Target 2: $288
• Target 3: $276 (lower channel support)
Stop Loss
• For long positions: Below $301
• For short positions: Above $314
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.