JPM has strong long-term technicals and an uptrend since April but is overextended on the weekly chart and may mean-revert.
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I was talking to Jamie Dimon that day and he pointed out this particular stock. This is also a good stock and looks to be in excellent condition. Yes, this falls under the category of "still performing very well".
He had a very good week after that , with a decent high tail , but has since declined. But it is showing considerable relative strength at the moment, and has performed well since it corrected its course, since it took off and established its market value, and set its lowest levels in April.
It has been on a very strong upward trend ever since .
As I said, Jimmy pointed to this arrow. Jimmy has talked about this too. So , go back and look at some of the things he talked about . But this is a good stock. I mean, it's in a firmly established upward trend, arguably since April, and it still looks very good.
This is on the weekly timeframe, take note. So, I think this graph looks very good. I can only say that he is exaggerating his expansion a little at the moment. On the weekly timeframe, it is clearly outside its range so far.
So, it's worth some getting back to average as well. But, um, yes, it's definitely within the discussion about charts that look strong in the long term.
What this channel has said about $JPM
Real Vision has only this one call on this stock.