JP Morgan (JPM)
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,
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