JPMorgan sharpens losses - Analysis - 06-08-2019

Economies.com
2019-08-06 14:35PM UTC

JPMorgan & Chase's stock kept falling and confirming the breach of the main upward medium-term trend line, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite reaching oversold levels. 

 

Therefore we expect the stock to fall as long as the resistance of 111.38 holds on, targeting the support of 104.90. 

 

Expected trend for today: Bearish 

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