Forex Stock Exchange Forum
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Forex Stock Exchange Forum

Forum About Trading on Forex,Stock,Binary Options, CryptoCurrency and NFTs

Thor Expert Advisor

You are not connected. Please login or register

JPMorgan Chase & Co. (JPM)

Go down  Message [Page 1 of 1]

1JPMorgan Chase & Co. (JPM) Empty JPMorgan Chase & Co. (JPM) Mon Jan 23, 2017 10:59 am



Daily chart of JPMorgan Chase & Co. (JPM), $83.67.

[You must be registered and logged in to see this image.]
Trade:   Under $83.10, we recommend buying 10 Feb $87.5/80 bear put spread (24 DTE).  It closed at a mid-point of $3.64/share (debit of $3,640 on a 10-lot).
Strategy:  Bearish gap down from multi-week consolidation and Breakout Bar Failure (-BBF) from base, with extended weekly chart.  The financial sector is also weak, extended, and started to break down last week.
Max Gain:   $7,500 – debit.
Max Loss:   Cost of debit spread, but would be less with stop posted.
Stop Loss:  $85.26

source: mastertrader

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum