JPMorgan Chase may rise to 222.40 - 226.40

Our pivot point stands at 202.8.

Our preference

As long as 202.8 is support look for 222.4.

Alternative scenario

Below 202.8, expect 196 and 192.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 208.0175 and 202.2242).

Supports and resistances

230.4 **

226.4 *

222.4 **

218.4

208.67 (USD-last)

205.3

202.8 **

196 *

192 **

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