JPMorgan Chase in a hesitant place - Analysis - 15-02-2019

2019-02-15 13:56:58 GMT (Economies.com)
JPMorgan Chase in a hesitant place - Analysis - 15-02-2019
 

JPMorgan Chase's stock fell 0.65% in the last session, or 0.67 points, after leaning on the support of the 50-day SMA, with positive signals from the RSI, amid the dominance of the downward trend in the short term, while settling below 104.93, representing the ratio 38.2% of Fibonacci retracement levels. 

 

Therefore we expect more losses for the stock, targeting the support of 100.48, which represents the ratio 50% of the same retracement levels, as long as the resistance of 104.93 holds on. 

 

Expected trend for today: Bearish  

 
 
 
  Symbol Last Change Chg.%
1.1146
-0.0098
0.8756%
1.2898
-0.0104
0.7980%
14.913
-0.092
0.611%
65.632
1.623
2.535%
74.57
0.06
0.08%
1273.680
-2.020
0.158%
 
 
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