JPMorgan Chase may rise to 225.70 - 230.40

Our pivot point stands at 203.1.

Our preference

The upside prevails as long as 203.1 is support.

Alternative scenario

Below 203.1, expect 195.8 and 191.2.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 205.658 and 201.2798).

Supports and resistances

234.9 **

230.4 *

225.7 **

221.3

209.78 (USD-last)

206

203.1 **

195.8 *

191.2 **

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