JPMorgan Chase may rise to 232.40 - 237.80

Our pivot point is at 206.6.

Our preference

The upside prevails as long as 206.6 is support.

Alternative scenario

The downside breakout of 206.6 would call for 197.4 and 192.1.

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 208.04 and 205.1632).

Supports and resistances

243.4 **

237.8 *

232.4 **

227

214.52 (USD-last)

210

206.6 **

197.4 *

192.1 **

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