Stock Markets Analysis and Opinion
JP Morgan: Stock Ready To Test Resistance
2022.04.13 13:42
When we look at the JP Morgan Chase & Co (NYSE:JPM) chart, we can see its fall from the $133 range down to $128.8 on the 8th of April, and the immediate rebound back up to the $131 range. It managed to slowly climb to the $133 range in the following days, reaching as high as $135, and it was last found trading at $131.65.
JP Morgan has scheduled a quarterly earnings announcement today. If earnings expectations are surpassed, we could expect the price to move upwards, towards $137. Today we can expect a move towards and above $135 closest temporary resistance level.
If, however, it doesn’t manage to hold on to the current level, then a move towards the $128.8 closest support level can be expected.
JP Morgan stock price.
