country flagالعربية
0
0

JPMorgan Daily Technical Analysis | 27 November 2017

2017-11-27 09:19 am | Resource: Technical Analysis Section | No Views : 295

In our latest report on JPMorgan, we mentioned a break in the bullish trend. The stock has rebounded from the previous 0.382 Fibonacci retracement level and the stock has retested the broken trend line but failed to breach it.

JPMorgan Daily Technical Analysis | 27 November 2017

The Bank of America is trading in a bearish direction on the 240-minute interval, and the SMA and Slow Moving Average are positively cross but without confirming their neutral signal.
The MACD cross is positive but the histogram is decreasing above zero, giving the possibility of a positive cross.
It is expected that, if the US bank broke 96.95, it might target 93.58, but if a breach of 99.49 might target 101.77.
Support: 97.66- 93.44 - 88.85
Resistance: 100.85 - 103.91 - 105
Trend: Down


Other news

US stocks open higher on Friday as trade concerns eased

US stock markets began the last trading session of the week slightly higher after the media reported that Washington is ready to grant temporary tariff exemptions to 437 Chinese products. At the same time, another report claimed that the United States would not remove import tariffs on auto parts made in Japan as part of the expected trade agreement. In business news, Apple launched. The new iPhone 11 series worldwide.…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.