TECH Buy 01.05.2024 08:35
JPMorgan Chase & Co.: wave analysis
Growth is possible.
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 forms. Now, the wave 3 of (3) has formed, a local correction has ended as the wave 4 of (3), and the wave 5 of (5) has started. 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 178.53.
Indicators
Overall recommendation Sell
Overall recommendation Wait
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy