TECH Buy 20.03.2024 08:29
JPMorgan Chase & Co.: wave analysis
Growth is possible.
On the daily chart, a downward correction formed as the fourth wave of the higher level 4, and the fifth wave 5 develops, within which the first wave of the lower level (1) of 5 forms. Now, the wave 5 of (1) is developing, within which the wave iii of 5 is ending. If the assumption is correct, after a local correction has formed as the wave iv of 5, the asset will grow to the area of 200.00–206.45. In this scenario, critical stop loss level is 186.65.
Indicators
Overall recommendation Buy
Overall recommendation Wait
Overall recommendation Wait
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy