JPMorgan climbs cautiously - Analysis - 27-10-2021

JPMorgan & Chase's stock (JPM) rose 0.27% in the last session, settling at 171.40, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA, countered by negative signals from the RSI after reaching overbought levels, while venting off overbought saturation.

Therefore we expect more gains for the stock, targeting the resistance of 180.00, provided the support of 167.25 holds on.

Expected trend for today: Bullish