JPMorgan Chase may rise to 212.30 - 216.50

193 is our pivot point.

Our preference

As long as 193 is support look for 212.3.

Alternative scenario

The downside breakout of 193 would call for 186.3 and 182.1.

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 198.185 and 194.7757).

Supports and resistances

220.5 **

216.5 *

212.3 **

208.3

199.93 (USD-last)

195.6

193 **

186.3 *

182.1 **

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