JPM: Consolidation Near Resistance, Awaiting Breakout
🔥 LucanInvestor's Strategy:
🩸 Short: Below $242.47, targeting $236 and $230. Bearish pressure could resume if price fails to hold above the 9-day EMA.
🩸 Long: Above $247.48, targeting $252 and $260. A breakout past resistance at $247.48 with strong volume confirms bullish continuation.
🔥 LucanInvestor's Commands:
🩸 Resistance: $247.48 — A significant hurdle; clearing this level may lead to further upside momentum.
🩸 Support: $242.47 — The immediate support; its breakdown may indicate bearish retracement.
JP Morgan (JPM) is currently hovering near resistance at $247.48, with MACD momentum showing mild bullish signals but not yet confirming strong upward momentum. The price is trading above the 200-day EMA ($215.36), indicating a bullish longer-term trend. However, volume needs to increase for a decisive breakout.
👑 "Opportunities arise when discipline meets preparation." — LucanInvestor
🩸 Short: Below $242.47, targeting $236 and $230. Bearish pressure could resume if price fails to hold above the 9-day EMA.
🩸 Long: Above $247.48, targeting $252 and $260. A breakout past resistance at $247.48 with strong volume confirms bullish continuation.
🔥 LucanInvestor's Commands:
🩸 Resistance: $247.48 — A significant hurdle; clearing this level may lead to further upside momentum.
🩸 Support: $242.47 — The immediate support; its breakdown may indicate bearish retracement.
JP Morgan (JPM) is currently hovering near resistance at $247.48, with MACD momentum showing mild bullish signals but not yet confirming strong upward momentum. The price is trading above the 200-day EMA ($215.36), indicating a bullish longer-term trend. However, volume needs to increase for a decisive breakout.
👑 "Opportunities arise when discipline meets preparation." — LucanInvestor
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