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Old 05-11-2017, 12:31 PM   Nav to Top 
SwingTrade Guru
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Default See This Technical Chart Pattern That Spells Trouble For $JPM

Stock market investors should be on high alert with JPMorgan Chase & Co. (NYSE:JPM). There is a forming head and shoulder pattern on the daily stock chart. A head and shoulder pattern is an extremely negative/bearish pattern formation. The one thing that must be noted though, it has not triggered yet. This short trade will trigger when the stock breaks the trend line connecting the bottom of the pattern. The trigger level is the $85 price point. Once JPMorgan Chase trades below that trend line, it begins a massive decent to a target of $76.25. This technical pattern is one of the scariest because of the large downside it alerts investors too. Heads up to all investors.
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