JPMorgan (JPM) Bullish Setup In Progress

On the back of my update on the financials yesterday (read HERE)  I am keeping a close eye on JPM.

On a relative basis it has remained one of the better acting banks over the past weeks and as such i am looking for leadership there.  If you look closely you can see the bullish candle reversal from May 24th, followed by so far three candles.  A daily close above the blue horizontal line could lead to a move up to $44.20

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