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Forex Stock Exchange Forum  » Forex and Stock Trading English Forum » Stock Market » JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. (JPM)

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

ForexSRB

ForexSRB

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


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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

https://www.fxsforexsrbijaforum.com/

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