JPMorgan suffers from negative pressures despite gains - Analysis - 29-07-2020

Economies.com
2020-07-29 13:02PM UTC

JPMorgan & Chase's stock rose 0.43% in the last session while trading alongside the main downward medium-term trend line, with negative signals from the RSI, coupled with negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to decline and target the support of 92.61, provided the resistance of 104.17 holds on. 

 

Expected trends for today: Bearish 

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