Trading Jpmorgan Chase $JPM With Integrated Risk Controls

March 10, 2023, 08:04 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 129.73 , 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 129.73, 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 136.33, target 139.85, Stop Loss @ 135.94 Details

If 136.33 begins to break higher, the technical summary data tells us to buy JPM just slightly over 136.33, with an upside target of 139.85. The data also tells us to set a stop loss @ 135.94 in case the stock turns against the trade. 136.33 is the first level of resistance above 129.73, and by rule, any break above resistance is a buy signal. In this case, 136.33, 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 136.33, target 125.69, Stop Loss @ 136.72. Details

The technical summary data is suggesting a short of JPM if it tests 136.33 with a downside target of 125.69. We should have a stop loss in place at 136.72 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, 136.33, 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 132.76, target 136.33, Stop Loss @ 132.45 Details

If 132.76 begins to break higher, the technical summary data tells us to buy JPM just slightly over 132.76, with an upside target of 136.33. The data also tells us to set a stop loss @ 132.45 in case the stock turns against the trade. 132.76 is the first level of resistance above 129.73, and by rule, any break above resistance is a buy signal. In this case, 132.76, 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 132.76, target 125.69, Stop Loss @ 133.07. Details

The technical summary data is suggesting a short of JPM if it tests 132.76 with a downside target of 125.69. We should have a stop loss in place at 133.07 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, 132.76, 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 March 10:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Neutral
P1	0	0	111.68
P2	132.76	136.33	125.69
P3	136.98	142.22	139.85

Support and Resistance Plot Chart for JPM

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