JPMorgan widens gains - Analysis - 18-10-2021

Economies.com
2021-10-18 12:19PM UTC

JPMorgan & Chase's stock (JPM) rallied 1.92% in the last session, tackling the pivotal resistance of 167.25, amid the dominance of the main upward medium-term trend, with positive support from the 50-day SMA, while a positive divergence forms in the RSI after reaching oversold levels compared to the stock's movements.

 

Therefore we expect more gains for the stock, targeting the resistance of 180.65, provided the resistance of 167.25 was breached.

 

Expected trend for today: Bullish

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