JPMorgan Chase may rise to 215.20 - 220.70

188.8 is our pivot point.

Our preference

As long as 188.8 is support look for 215.2.

Alternative scenario

The downside breakout of 188.8 would call for 179.4 and 173.9.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 196.4075 and 194.2518).

Supports and resistances

226.3 **

220.7 *

215.2 **

209.4

196.92 (USD-last)

192.3

188.8 **

179.4 *

173.9 **

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