JPMorgan gains ground - Analysis - 20-09-2018

JPMorgan & Chase's stock rallied on the back of a positive pattern that formed in the short term, the Falling Wedge pattern, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI, as the stock readies to tackle the pivotal resistance of 119.33. 

Therefore we expect more gains for the stock, especially if the resistance of 119.33 was breached, targeting the next one at 123.89. 

Expected trend for today: Bullish