JPMorgan Chase may fall to 173.60 - 178.70

Our pivot point stands at 209.7.

Our preference

The downside prevails as long as 209.7 is resistance.

Alternative scenario

Above 209.7, look for 218.6 and 223.9.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 208.589 and 203.2684).

Supports and resistances

223.9 **

218.6 *

209.7 **

206

200.34 (USD-last)

183.9

178.7 **

173.6 *

168.6 **

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