JPMorgan attacks pivotal resistance - Analysis - 05-10-2021

JPMorgan's stock (JPM) fell 0.11% in the last session, after the pivotal resistance of 167.25 held on, while gathering momentum to help it pierce that resistance, while venting off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the resistance of 180.00, provided it breaches the resistance of 167.25 first. 

Expected trend for today: Bullish