JPMORGAN ready to give a 15% bullish movementToday we will share a bullish analysis of JPM, explaining the major zones and the potential movements we can expect
Relevant items:
-The key area to pay attention to is the Resistance zone. We can see in the past what happened after the price broke it. We had an 18% bullish movement
-It's important to pay attention to the corrective structure formed on the edge of the resistance zone. Now we have the same situation at the same level
-The target we are choosing is a Double top pattern with the All-time high zone.
-We will define the RISK-FREE level at 130.5. This means that if the price reaches that zone, you should have your stop loss moved at the entry-level.
-Based on past behavior, this movement can take around 70 days.
