JPM will begin to have a pullback in the short term. How severe the pullback will be depends on several factors. News, announcements, sentiments, etc... In absence of any severe news headlines.... The stock should have a day with a pullback to around the 109 area. If that breaks, it should go to around the 103-106 area. 100 could set up to be a psychological...
To premise this, I am a long term bull on JPM and own shares in the company. Being so, I wish JPM will continue to go up and up but that doesn't seem to be the case. The economy was shut down and even though it is opening up, it would not be the same as before, at least not in the short term. If we were to just look at the recent sessions, the symmetrical...
Just a prediction, but it looks like AC is capable of making a HS pattern. If that could be the case, it could mean potential upside target to approx. $18-20 area for the right shoulder high in the short term. This is if it could keep within the larger upside trend line. Hopefully it doesn't break 15.70 on the downside. If the HS fails to complete and we break...
Aside from the short term stimulus in the headlines, there is really no upside in product pipeline. The stock itself looks to be developing a HS pattern. Will probably be heading down in the short term. Consolidate in the mid term. Heading lower in the long term. This is assuming it has no major development in its products. Recipe for investment destruction.