Trade Idea - JPM
Sunday, March 02, 2008
JP Morgan shares were down on Friday more than 4% to $40.62, breaking one of the most important supports at $42. The stock broke also over this month its 50 and 200 day moving averages. In addition other technical indicators such as MACD and KD also show weak signal as MACD is below 0 and K line is dropping below D line. It looks like JPM shares will test the lows of Januray within the next weeks.
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 examples.
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 examples.
Labels: JPM
