Currently, the share price of JPM (JP MORGAN CHASE & CO) in the 1D chart is $142.74. JPM stock price is generally in the end of a retest of the resistance area around $146 – $150. The price is now approaching the resistance area (previously the strong support area that the price broke). JPM stock price according to 1D chart is moving in a narrowing range and moving towards the end of the price wedge.
Trade Idea: Investors can place sell orders at this price zone or wait to sell if the price rises to the $145 zone. Stop loss if the price closes above $150. Take profit at the $125 price zone.
