JPMorgan ends cautiously higher - Analysis - 21-05-2020

Economies.com
2020-05-21 10:17AM UTC

JPMorgan & Chase's stock rose 3% in the last session amid the dominance of the upward correctional short-term wave, touching the resistance of the 50-day SMA amid positive signals from the RSI after reaching overbought levels. 

 

Therefore we expect the stock to return lower, targeting the next support at 88.06. 

 

Expected trend for today: Bearish 

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