March 31, 2013

JP Morgan Chase Trend update

  • JPM Weekly chart has broken below 23.6% Fib level.
  • Immediate support levels are 46.85 and 20 Week SMA.
  • Daily chart with Ichimoku cloud shows the up trend getting tested. If the correction is limited to the cloud the up trend will be safe. For the trend to turn price must sustain below the cloud.

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