TECH Buy 26.06.2024 08:48
JPMorgan Chase & Co.: wave analysis
Growth is possible.
On the daily chart, a downward correction ended as the fourth wave of the higher level 4, and the fifth wave 5 develops, within which the third wave of the lower level (3) of 5 forms. Now, the wave 5 of (3) is forming, within which the wave ii of 5 has ended, and the wave iii of 5 has started. If the assumption is correct, the asset will grow to the area of 210.00–220.00. In this scenario, critical stop loss level is 190.22.
Indicators
Overall recommendation Wait
Overall recommendation Sell
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy