JPMorgan reverses higher - Analysis - 10-07-2019

JPMorgan & Chase's stock plumbed a session-low at 122.15, bouncing off it higher and turning the losses into gains, amid the dominance of the upward short-term trend, with positive support from the 50-day SMA, countered by negative signals from the RSI. 

Therefore we expect the stock to rise, targeting the resistance of 117.15, as long as the support of 11.50 holds on. 

Expected trend for today: Bullish