In my last $JPM upload I said how impressed I have been by their chart and how well it has held up compared to the market.
We can see that the price held the 200 Day MA at the start of this month and has since bounced further, after reporting a beat on earnings by nearly 10% today.....high interest rates help $JPM.
If the price can go above the previous high at $159, then we are well on our way to the bull case above $172 and I can eliminate the corrective wave scenario.
It is worth noting how healthy $JPM's chart is compared to $BAC.
Steven
2023-10-13 16:36:21 +0000 UTC