It's time to expand the stock coverage and look at some additional financial institutions. A banking industry giant, JP Morgan Chase (JPM) will be the focus of this article.
I've written a couple other financial articles lately, one was for Bank of America (BAC) and another for Goldman Sachs (GS). The next article after this JP Morgan article will be for Citigroup (C). I've also got another article scheduled for some asset managers. When you have rising asset prices, asset managers receive higher fees. That sector could provide a few gems for the next several months as well.
But for now, let's get back to the banking industry and its leader JP Morgan Chase (JPM). Since I have not looked at a chart for JPM in a while, I'm going to start with a 20 year monthly candlestick chart.
I always like to see where a company's share price has been. If you don't study history, you are doomed to repeat it!
JP Morgan Chase (JPM) - 20 Year Chart
This first chart for JP Morgan Chase (JPM) is a 20 year monthly candlestick chart. I was able to overlay 3 different Fibonacci Extension Tools on this chart and look at some upside price targets for its share price.
I would anticipate that JPM's share price could see some initial resistance around the….
If you want to continue reading this article on JP Morgan Chase (JPM), then you must first login. I review JPM's upside price targets and downside support areas, including different strategies to scale-into shares for this stock's hot uptrend.
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