Trade Idea - JPMorgan Chase
Monday, December 10, 2007
( Yesterday close ) Chart courtesy of stockcharts

Shares of JPMorgan Chase & Co are acting very early in the morning after Investment Corporation of Dubai said on Monday it held talks with JPMorgan Chase & Co on ways to cooperate. Looking at the daily chart, stock is recovering from the recent Sell-off that markets were involved in recent weeks. It will be very interesting to know, if today close will be above the major resistance at $47.08, which could bring Bulls to come back to stock. Stay tuned on JPM because Indicators are finally in Bullish areas and all scenarios are now possible.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.

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posted by Pro Investor Trader at 12:16 PM | Permalink


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