JP MORGAN CHASE: WEEKLY SCENARIO

Technical Analysis

JP MORGAN CHASE Technical Analysis: Weekly Chart

In the weekly charts, JP MORGAN CHASE is trading in a down channel.

It is trading above 100 days SMA & below 20 and 50 days SMA.

The immediate support is 149.73 & the resistance level is at 157.09.

JP MORGAN CHASE is trading in the down channel until there is a trend reversal

JP MORGAN CHASE Technical Analysis: Daily Chart

In the daily charts, JP MORGAN CHASE is trading in an up channel.

It is trading above 20 days SMA &n below 50 and 100 days SMA.

The immediate support is 150.57 & the resistance level is 155.08.

JP MORGAN CHASE is trading in the up channel until there is a trend reversal. 

How to Trade JP MORGAN CHASE this Week:

JP MORGAN CHASE will follow the downtrend until their trend reversal. So, remain bearish on JP MORGAN CHASE.

TRADE SUGGESTION- SELL AT 152.40, TAKE PROFIT AT 150.57 AND STOP LOSS AT 155.00

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