JPMorgan forced down by pressures - Analysis - 21-08-2019

JPMorgan & Chase's stock fell in the intraday levels, while hurt by piercing the main upward trend line in the short term, with negative pressure from the 50-day SMA, countered by positive signals from the RSI despite reaching overbought levels. 

Therefore we expect more losses for the stock, as long as the resistance of 10.00 holds on, targeting the support of 105.00 anew.

Expected trend for today: Bearish