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 barrier. If it is unable to maintain such a price, it will experience a more severe drop. Possible 94-95 price. I don't think it will drop any more than that area. I give it a 20% possibility of breaking that price point and dropping to 91. 10% possibility of dropping to 84. 3% possibility of dropping to 78.
So for those that missed the rally, this might be another chance to get in under 100.
Note: I do own shares in JPM for the long term which I purchased with avg 84. I am also relatively new to stock investing. So please do your own research. This is only meant as a way for me to share my thoughts with my friends. My impact from this trade will be 3 cups of coffee, at most. [I only buy shares and don't sell shares in my main portfolio. Also, I have never shorted a stock.] I like to buy when my <10% scenarios takes place.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.