JPMorgan exhausts positive chances - Analysis - 22-10-2018

JPMorgan & Chase's stock fell in the intraday levels while leaning on the main upward medium-term trend line as shown in the attached chart, recording a loss of 0.17% in the last session, or 0.18 points, with positive signals from the RSI after reaching oversold levels, countered with negative pressure from the 50-day SMA.

Therefore we expect the stock to return higher, provided the support of 106.32 holds on, targeting the resistance of 112.97. 

Expected trend for today: Likely Bullish