JPMorgan Chase may rise to 218.70 - 222.40

Our pivot point is at 197.2.

Our preference

The upside prevails as long as 197.2 is support.

Alternative scenario

The downside breakout of 197.2 would call for 191.2 and 187.5.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 201.5475 and 199.2294).

Supports and resistances

226.1 **

222.4 *

218.7 **

214.9

204.94 (USD-last)

199.7

197.2 **

191.2 *

187.5 **

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