JPMorgan continues to rise correctionally - Analysis - 17-08-2022

JPMorgan Chase's stock (JPM) kept rising while buoyed by piercing the main downward trend line recently, with positive pressure from the 50-day SMA, marking a profit of 0.96% in the last session, or 1.17 points, settling at 123.63, countered with negative signals from the RSI after reaching overbought levels. 

Therefore we expect more gains for the stock, targeting the resistance of 133.15, provided the support of 117.23 holds on.

Open Live Trading Account

Expected trend for today: Bullish