JP Morgan (JPM) - Trade Stocks

JP Morgan (JPM)

By Fri, Feb 19, 2021

Hey there,

There’s a time to buy everything.

And right now, we’re buying banks.

Financials just broke out to all-time highs, and one trade we like most for today’s Chart of the Week is JP Morgan (JPM).

JPM is coming out of a major base and looks ready for a big gain representing the entire extension from last year’s highs down to the lows.

We are long on JPM above $141, with a price target of $180 — a nearly 28% gain.

Below $141, we are just watching, But above that level, we’re taking a nice win at $180.

Til next week, good trading,

JC Parets

Sponsored Ad

Free Training: 60-Minutes to Trading Freedom

Would you like to make more money in one hour of fun trading than working all day at a job?

Then check this out…

Click here to reserve one of the limited spots!

About the Author

JC Parets, founder of All Star Charts, specializes in finding the most opportunistic risk vs. reward propositions while at the same time bringing a top/down approach to the marketplace whose wide spectrum is rivaled by few. JC begins with a long-term global macro perspective and then works his way down to the individual sector and industry level before ultimately isolating the stocks that best portray a particular thesis. Price is the most important technical indicator, but JC uses supplements such as Momentum, Relative Strength, and Fibonacci analysis to complete the process.