JPMorgan falls within positive pattern - Analysis - 20-07-2018

JPMorgan & Chase's stock (JPM) fell in the last session, after testing the ceiling of a positive pattern that formed in the short term, the Falling Wedge pattern as shown in the attached chart, trying thereafter to gather momentum to help it rise anew, while venting off overbought saturation in the RSI, recording thereafter a 1.47% loss in the last session, or 1.64 points, with positive support from the 50-day SMA. 

Therefore we expect the stock to return higher, targeting the resistance of 114.73, as long as it settles above 109.18.