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JPMorgan readies to tackle pivotal resistance - Analysis - 25-01-2024
JPMorgan Chase's stock (JPM) rose in the intraday levels, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, with positive pressure from the 50-day SMA, coupled with positive signals rom the RSI after reaching oversold levels.
Therefore we expect more gains for the stock, targeting the pivotal resistance o 173.40, provided the support of 164.30 holds on.
Expected trend for today: Bullish
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