JPMorgan gives in to negative pressure - Analysis - 10-06-2019

Economies.com
2019-06-10 09:58AM UTC

JPMorgan & Chase's stock fell 1.10% after touching the resistance of the 50-day SMA, while trading alongside the upward short-term trend line, while gathering momentum to help it rise anew and venting off overbought saturation in the RSI. 

 

Therefore we expect the stock to return higher, as long as the support of 106.75 holds on, targeting the important resistance of 111.50. 

 

Expected trend for today: Bullish  

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