JPMorgan Chase may rise to 224.60 - 229.00

Our pivot point stands at 203.7.

Our preference

The upside prevails as long as 203.7 is support.

Alternative scenario

Below 203.7, expect 196.4 and 192.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 206.9295 and 201.829).

Supports and resistances

233.5 **

229 *

224.6 **

220.4

210.33 (USD-last)

206.4

203.7 **

196.4 *

192 **

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