JPMorgan Chase may rise to 222.00 - 225.90

Our pivot point stands at 202.7.

Our preference

The upside prevails as long as 202.7 is support.

Alternative scenario

The downside breakout of 202.7 would call for 196.2 and 192.3.

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 198.6395 and 197.6158). Finally, JPMorgan Chase is trading above its upper Bollinger band (standing at 207.96).

Supports and resistances

229.7 **

225.9 *

222 **

218.2

208.69 (USD-last)

205.2

202.7 **

196.2 *

192.3 **

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