Stock America closed lower, the first trading day of 2021, amid worries about the rising number of coronavirus infections in the world. Last Thursday, which was the last day of trading in 2020, the Dow Jones and S&P 500 indicators renewed their record highs.
Our Analysis:
Provided that the index is traded below 3723.00, follow the recommendations below:
Time frame: H4
Recommendation: short position
Entry point: 3700.00
Take Profit 1: 3663.00
Take Profit 2: 3636.00
Alternative scenario:
In case of breakout of the level 3723.00, follow the recommendations below:
JPMorgan Chase, America's largest bank, had the eventful year of 2020. While the pandemic hit the bank hard and forced it to set aside tens of billions of dollars for future potential loan losses, the bank showed incredible resilience, making very solid gains all things considered. JPMorgan's stock price is down about 11% from where it was at the beginning of the year.
Our Analysis:
While the price is above 120.70, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 127.07
Take Profit 1: 133.80
Take Profit 2: 137.00
Alternative scenario:
If the level 120.70 is broken-down, follow the recommendations below:
Risk Warning: Forex and CFD trading carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with CFD trading before deciding to trade. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.
