$JPMorgan Chase(JPM)$ Adding to JPM "Death Cross" burdens, this stock recently approached the top quadrant of a YTD downtrend with overhead resistance keeping it from breaking out. Instead, JPM closed below its 5 & 21-day moving averages. It's 20-month low of $106.06 is clearly a target of bears.
There is a gap between $105.10 and $106.06 that could be filled before any further selling ensues. If JPM closes below $105.10, could there be more sell-stops that eventually push it towards its 2-year low of $91.38 set on 9/24/20? Only time will tell.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Hi