JPMorgan Chase may fall to 187.40 - 191.90

Our pivot point is at 217.1.

Our preference

The downside prevails as long as 217.1 is resistance.

Alternative scenario

Above 217.1, look for 224.7 and 229.3.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 211.0405 and 211.1882).

Supports and resistances

229.3 **

224.7 *

217.1 **

213.9

210.86 (USD-last)

196.4

191.9 **

187.4 *

183.1 **

Number of asterisks represents the strength of support and resistance levels.