JPMorgan faces strong resistance - Analysis - 27-04-2017

JPMorgan & Chase's stock (JPM) rose anew in the intraday levels, scoring a profit of 0.19% in the last session, or 0.17 points, and testing the important resistance of 89.03, coinciding with touching the resistance of the SMA for the last 50 days period, while relative power indicators reached extremely overbought levels compared to the stock's upward movement, amid the dominance of the main upward short-term trend along the trend line. 

Therefore we expect the stock to return lower in the coming trading, as long as the resistance of 87.39 holds on, targeting the pivotal support of 83.12.