Jpmorgan Chase & Co. has broken through the resistance line of a Triangle. It has touched this line at least twice in the last 16 days. This breakout indicates a potential move to 102.45 within the next 3 days. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.
Related Posts
Breach of support could mean a start of a bearish trend on PFE
PFE has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen…
GOOGL seems to be on its way to resistance – a possible opportunity?
GOOGL is moving towards a key resistance level at 193.6900. This is a previously tested level for GOOGL.…
INTC through 20.261052631578945. Is this a confirming a breakout? Will it continue its path in the current trend toward 19.9869?
You would be well advised to confirm the breakout that has just occurred – do you believe the…