January 12, 2013

JP Morgan Chase Weekend update

  • First chart shows Weekly chart of JPM with price breaking above falling resistance line.
  • Second chart shows price approaching Crucial resistance levels.
  • Last chart shows price moving up in a channel with reducing volumes. As price approaches resistance levels volume need to pick up if a breakout happens. Bearish weekly candle with high volume may result in bigger correction.
  • RIMM WEEKEND UPDATE
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