JP Morgan Chase & Co.
شراء

JP MORGAN won't give a better buy opportunity in 2025.

588
Last time we looked at JP Morgan Chase (JPM) on November 27 2024 (see chart below), it gave us a clear sell signal that went straight to our $236 Target:

JP MORGAN Expect a 1D MA50 correction before it turns into a buy


Now that the price rebounded not only on the 1D MA200 (orange trend-line) but also on the bottom (Higher Lows trend-line) of the long-term Channel Up, we are switching back to buying a we even got the first pull-back on the 1D MA50 (blue trend-line).

Given that the 1D RSI also rebounded from oversold (<30.00) territory like the October 27 2023 Low did, we expect a similar Bullish Leg to follow and thus our Target is $330 at the top of the Channel Up.

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