JPMorgan Chase may rise to 237.90 - 242.20

Our pivot point is at 215.6.

Our preference

The upside prevails as long as 215.6 is support.

Alternative scenario

The downside breakout of 215.6 would call for 208.7 and 204.5.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 215.338 and 214.342).

Supports and resistances

246.2 **

242.2 *

237.9 **

233.6

224.12 (USD-last)

218.4

215.6 **

208.7 *

204.5 **

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