Many believe that the recent pullback in bank stocks could be an opportunity to snatch them up. I tend to agree, but in the short-term, we can probably wait a little longer. "According to Bloomberg, 29 out of 39 analysts suggest a Buy on JP Morgan stock while 10 recommend a Hold and none of the analysts rate a Sell. The 12-month target price on the stock is $75." (bidnessetc.com) When we look at the JPM weekly chart, we can see that if price falls to the 50-54.50 area, it will test some support and support/resistance levels.JPM Weekly Chart 9/28 (click to enlarge)From a technical perspective. if we see price stall in the 50-54.50 area, we should be ready for a buy, with a stop below 50. Now, to the upside, we should first limit our bullish outlook to the 62-62.50 with a more aggressive target to 65.00 - just in case JPM is actually forming a large price top.