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Posted On: 01/06/2017 9:31:42 AM
Post# of 54
There is a clear support trend line that has formed on JPMorgan Chase & Co. (NYSE:JPM) over the last three weeks. The stock keeps hitting it and bouncing up. This tells smart investors and traders to stay away from shorting the overbought financial stock until it breaks the trend line to the downside. Then investors and traders can short JPMorgan Chase heavily for big profits. Once the trend line breaks, it will collapse down to $80. The trend line break will occur at any daily close below $85.75. In other words, with a daily close on Thursday at $86.11, it is very close. Check out the stock chart below for a visual.
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I was trained as a psychologist, then I applied what I knew to stock trading. Stocks are representing emotion of those who buy/sell them. I post all of my trades on Insert-tag-hereVerifiedInvesting.com where they are confirmed for legitamacy by their independent verification system. I've been trading since the 90s.
