JP Morgan Chase – Demand Zone (Support)

Click here to view chart.
This is not an underlying I have traded or invested in the past.  I generally don’t trade individual stocks.  However, just based on looking at the chart, I see the 33.38-32.50 level as an opportunity to buy.
Note: This is purely a short term trading call.   It goes against any conventional technical analysis, which would indicate staying away from this till price stabilizes and gives a clear reversal signal.  I also have no knowledge about  the financial stability or Short/Long term profitability of the company in question.
This entry was posted in Fibonacci, JPM, Support (Demand) - Resistance (Supply). Bookmark the permalink.

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