JPMorgan tries to regain footing - Analysis - 05-09-2018

Economies.com
2018-09-05 13:35PM UTC

JPMorgan & Chase's stock returned higher in the intraday levels, amid positive pressure from the 50-day SMA, while buoyed by a positive pattern that formed in the short term, the Falling Wedge pattern, with the complete dominance of the main upward trend in the medium term as shown in the attached chart. 

 

Therefore we expect more gains for the stock, as long as the support of 112.97 holds on, targeting the pivotal resistance of 119.33. 

 

Expected trend for today: Bullish  

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