TECH Buy 17.04.2024 08:28
JPMorgan Chase & Co.: wave analysis
The price is in a correction and may grow.
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 develops. Now, the wave 3 of (3) has formed, and a local correction is developing as the wave 4 of (3). If the assumption is correct, the asset will grow to the area of 202.20–220.00. In this scenario, critical stop loss level is 164.60.
Indicators
Overall recommendation Sell
Overall recommendation Sell
Overall recommendation Buy
Overall recommendation Wait
Overall recommendation Wait
Overall recommendation Wait
Overall recommendation Buy