Technical Summary: The 5 year chart of JPM shows a stock that has been grinding higher in an uptrend. That fact will give long term holders of the stock some solace and should provide them some calm in respect to the shorter term pullback in the stock. Since February the stock has been consolidating with a downward bias and has put in a series of lower highs. We would like to see the stock find some support and form a base before trying to find an entry. For this reason there is currently nothing to do at the current juncture if you are looking to enter the stock. If you are a long term holder there is nothing really to do either as the pull back has not yet given off any clues that there is a reversal in the trend.
