JPMorgan Chase may rise to 235.80 - 241.30

Our pivot point stands at 209.4.

Our preference

The upside prevails as long as 209.4 is support.

Alternative scenario

The downside breakout of 209.4 would call for 200 and 194.6.

Comment

The RSI is above its neutrality area at 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 209.042 and 206.444).

Supports and resistances

246.8 **

241.3 *

235.8 **

230.1

218.31 (USD-last)

212.8

209.4 **

200 *

194.6 **

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