The JP Morgan (JPM) weekly chart shows the following signs:
JPM from the price of $31.77 has completed a long phase until the $60 an now it makes some consolidations between $53 & $60. As you can see on the diagram it corrected until it reached the top of KUMO from where it reacted upwards. A critical day is 17.05.2014 that the company will anounce the earnings until 6/2014 and that will define the next trend
Technicaly, RSI is neutral and MACD signal line is trying to turn upwards. So my suggestion is wait and see except if the price get out of the consolidation channel.
JPM from the price of $31.77 has completed a long phase until the $60 an now it makes some consolidations between $53 & $60. As you can see on the diagram it corrected until it reached the top of KUMO from where it reacted upwards. A critical day is 17.05.2014 that the company will anounce the earnings until 6/2014 and that will define the next trend
Technicaly, RSI is neutral and MACD signal line is trying to turn upwards. So my suggestion is wait and see except if the price get out of the consolidation channel.