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

2020-05-21 10:17:45 GMT (Economies.com)
 

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 

 
 
 
  Symbol Last Change Chg.%
1.1231
0.0112
1.0068%
1.2571
0.0157
1.2643%
Tadawul
7222.41
-62.82
0.86%
17.616
-0.463
2.561%
36.623
2.136
6.194%
39.79
0.22
0.56%
1697.875
-34.810
2.009%
 
 
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