JPMorgan Chase may fall to 174.40 - 178.60

Our pivot point stands at 200.5.

Our preference

The downside prevails as long as 200.5 is resistance.

Alternative scenario

The upside breakout of 200.5 would call for 207.9 and 212.2.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 198.172 and 194.8412).

Supports and resistances

212.2 **

207.9 *

200.5 **

197.8

193.78 (USD-last)

183

178.6 **

174.4 *

170.2 **

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