Zostať 
Podmienky obchodovania
Nástroje
JPM stock price made a high of $166.92 this week while now it is trading below $160. Price is turning lower but the weekly RSI indicator is showing us a very alarming signal for bulls. Price has been making higher highs and higher lows for the last six months while the RSI was making lower highs. At least a short-term reversal and pull back are imminent.
The Daily chart depicts this bearish RSI divergence very clearly. Support is found at $158 but a pull back below this level is justified as the RSI is far from oversold levels and because the longer-term view is even more bearish.
The bearish RSI divergence in the weekly chart is even more glaring. The highs of 2017, 2019 and 2021 were not followed by higher RSI prices. A weekly trend change could be at its beginning. Traders need to be very cautious. Our first major pull back target if price breaks below $158, is at $133 where we also find the top of 2019 and the 38% Fibonacci retracement level of the rise from 2020 lows.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of Instant Trading EU Ltd including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.
We are sorry for any inconvenience caused by this message.
