JPM report Q4 earnings pre-market and good numbers is clearly needed for the stock to resume its trend higher
Chris Weston
Pepperstone
JPM report Q4 earnings pre-market and good numbers is clearly needed for the stock to resume its trend higher. The medium and longer term moving averages are still headed higher, however the five-day has started to roll over and the MACD has fallen below the signal line, showing momentum is marginally lower. The daily chart highlights very strong support around $50; however a good report should mitigate a move to $50. The market is anticipating adjusted EPS of $1.37, on revenue of $24 billion. Interestingly JPM has fallen four of the last five earnings quarters, so its earnings pedigree (or at least against expectations) isn't brilliant of late.
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Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market price action and advise on actionable trade ideas and investments in multiple asset classes.
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
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