Yesterday I briefed on JPM, stating that it was a potential buy depending on if it holds its support. It is holding it fairly well while also indicating some other buy signals. This leads me to conclude that I believe it is in a buy zone and has a price target of 160(upper Bollinger Band).
Bullish Signals
-Weekly Reduction in selling momentum
-Resting Around Fibonacci Support
-B% Is on the lower scale
Worst Case Scenario
If this does end up being a false buy signal then I'd recommend watching this stock for it to hit 140.
Bullish Signals
-Weekly Reduction in selling momentum
-Resting Around Fibonacci Support
-B% Is on the lower scale
Worst Case Scenario
If this does end up being a false buy signal then I'd recommend watching this stock for it to hit 140.
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