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

Below 202.7, expect 196.2 and 192.3.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 198.6395 and 197.6158). Finally, JPMorgan Chase has crossed above its upper daily Bollinger band (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.