JPM eyes on $193.50: major support going into Earnings

11 Nis 2024

JPM is sitting on a Golden Genesis fib.
Earnings to be reported today afterhours.
Launch pad here? or fail and mark the top?

$ 193.50 - 194.69 is the immediate support.
$ 176.07 - 176.37 is first good support below.
$ 206.20 - 207.37 first resistance just above.

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30 May 2024

Not

Jamie Dimon does Fibnastics? who knew?

Shaded area is since Idea was posted.

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Zoom in a bit (m30) with some notes

Even though our target below was not hit,
the cluster of 3 fibs around $181 caught it.
Then we see good confirmations of our fibs.

So next we will look for break of $200 pysch level


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SUMMARY:
- Dipped exactly where expected.
- Bounced a little above target, a bull sign.
- All fibs still in play, look for $200 break.

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