TRADING TIPS

JPM New Price Targets

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Hubert Senters here.

Let’s take a look at JPMorgan. Ticker symbol JPM obviously. You’ve got three days above the cloud.

We’ve got over head resistance but it should clear it fairly easy. The ADX is above $20 in trending so let’s see if we can get a target on this.

There’s a couple of different places we can go. This one is not going to qualify. You can make it work but it’s not going to do. Let me show you what I mean as opposed talking about.

If you go one, two, three. It will work the Math but it’s going to be right there on top of the target really quickly.

The technical way you’re supposed to do this thing is supposed to be low, higher, higher low. So we could go one, two, three right there that might help so we can lay them on top of each other.

So you can go one, two, three and that’s not the exact way we’re going to do it. And then what we’re going to do is we’re going to double lay it. We’re going to layer this thing.

One, two, three. And this one now, we’ve got a little bit of a zone here. You can see $168 to $169, $175 to $176 and $180 to $180 so there’s your targets. $168 to $169, $175 to $176 and $180 to $180 to the high side.

I’m going to be speaking at the Wealth 365 online event. I’m going to be going through how to find better trend trades whether it’s long or short.

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Good luck. Hope it helps. See you on the next video.

Hubert.

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