Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

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Tuesday, February 14, 2012

JP Morgan Chase (JPM) - technical analysis

JP Morgan made a double bottom in the autumn of 2011 and managed to break above the base level at $36.63 a few weeks ago.

The classic target of a double bottom is in the $45.00 area but an eventual break below the current support at $36.63 will invalidate, at least for the moment, the target.

The most concerning clue that is against the bullish move is the descending volumes in the last months.  


Posted by Adrian Filip at 3:40 PM
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