Antonio_trader

JP Morgan update double top

NYSE:JPM   JP Morgan Chase
Forming a double top at all time high level with good divergence on indicators. Neckline was previously strong resistance, so a break through it should give high probability for a short.
Majority of funds and banks price target this stock below $100 level.
Considering that indices could be topping, this could signal beginning of the downturn in equities.

Good Luck!
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