JPMorgan Chase may rise to 228.50 - 232.80

207.4 is our pivot point.

Our preference

As long as 207.4 is support look for 228.5.

Alternative scenario

Below 207.4, expect 200.4 and 196.1.

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 209.5875 and 202.868).

Supports and resistances

237.2 **

232.8 *

228.5 **

224.2

215.19 (USD-last)

210.2

207.4 **

200.4 *

196.1 **

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