Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

JP Morgan Creating A Very Bullish Pattern?

Courtesy of Chris Kimble.

Is JP Morgan creating a pattern which is suggesting much higher prices? It could be!

This chart looks at JP Morgan (JPM) on a weekly basis over the past 5-years. The chart itself comes from MarketSmith, a service provided by Investors Business Daily.

Over the past 15-months, it could be creating a bullish inverse head & shoulders pattern, with the neckline coming into play around the $120 level.

If this pattern is correct and JPM breaks above the $120 level, the pattern suggests the JPM could rally at least 20%.

The neckline around $120 comes into play as resistance. If this resistance is taken out to the upside, look for it to attract buyers!

To become a member of Kimble Charting Solutions, click here.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!