Trading Jpmorgan Chase $JPM With Integrated Risk Controls

April 14, 2023, 07:12 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Jpmorgan Chase (NYSE: JPM) report below can help you, but we have more details too. The trading plans for JPM, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for JPM

• Buy JPM slightly over 125.69 target 139.85 stop loss @ 125.33 Details

The technical summary data tells us to buy JPM near 125.69 with an upside target of 139.85. This data also tells us to set a stop loss @ 125.33 to protect against excessive loss in case the stock begins to move against the trade. 125.69 is the first level of support below 136.87 , and by rule, any test of support is a buy signal. In this case, support 125.69 is being tested, a buy signal would exist.

• Short JPM slightly under 139.85, target 125.69, stop loss @ 140.25 Details

The technical summary data is suggesting a short of JPM as it gets near 139.85 with a downside target of 125.69. We should have a stop loss in place at 140.25though. 139.85 is the first level of resistance above 136.87, and by rule, any test of resistance is a short signal. In this case, if resistance 139.85 is being tested, a short signal would exist.

Swing Trading Plans for JPM

• Buy JPM slightly over 139.85, target n/a, Stop Loss @ 139.45 Details

If 139.85 begins to break higher, the technical summary data tells us to buy JPM just slightly over 139.85, with an upside target of n/a. The data also tells us to set a stop loss @ 139.45 in case the stock turns against the trade. 139.85 is the first level of resistance above 136.87, and by rule, any break above resistance is a buy signal. In this case, 139.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short JPM slightly near 139.85, target 129.43, Stop Loss @ 140.25. Details

The technical summary data is suggesting a short of JPM if it tests 139.85 with a downside target of 129.43. We should have a stop loss in place at 140.25 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 139.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for JPM

• Buy JPM slightly over 139.85, target n/a, Stop Loss @ 139.52 Details

If 139.85 begins to break higher, the technical summary data tells us to buy JPM just slightly over 139.85, with an upside target of n/a. The data also tells us to set a stop loss @ 139.52 in case the stock turns against the trade. 139.85 is the first level of resistance above 136.87, and by rule, any break above resistance is a buy signal. In this case, 139.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short JPM slightly near 139.85, target 129.43, Stop Loss @ 140.18. Details

The technical summary data is suggesting a short of JPM if it tests 139.85 with a downside target of 129.43. We should have a stop loss in place at 140.18 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 139.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

JPM Ratings for April 14:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	111.68
P2	128.34	126.91	125.69
P3	129.36	129.43	139.85

Support and Resistance Plot Chart for JPM

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