JPMorgan Chase: Lackluster And Risks Are Rising (Technical Analysis)

Summary:

  • We have a lackluster view on JPM due to a crowded market, high price/book ratio, and potential earnings stagnation.
  • Safer Banking Research highlights risks in largest U.S. banks, including JPMorgan Chase, particularly in credit card loans and asset quality metrics.
  • Elliott Wave analysis, done correctly, can provide favorable risk reward opportunities going forward in JPMorgan Chase and other similar names.

wooden blocks falling over

Henrik Sorensen

By Levi at Elliott Wave Trader; Produced with Avi Gilburt

When it comes to analysis, both fundamental and what many would consider ‘technical,’ we are gifted with a deep bench of talent. We will share a summation of this research and


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


STOCK WAVES: Where fundamental analysis meets technical analysis for highest-probability investment opportunities! Get leading Elliott Wave analysis from our team, along with fundamental insights and macro analysis from top author Lyn Alden Schwartzer.

Stockwaves is my bread and butter, and that’s only catching maybe 10% of the charts they throw out! I had 7-10x+ trades with SW last year, and dozens more that were “slackers” (LOL) with “only” 3-4-5x returns. Amazing!” (Nicole)

Click here for a FREE TRIAL.

Leave a Reply

Your email address will not be published. Required fields are marked *