JPMorgan Chase & Co (JPM) “On a long-term technical basis, the stock (JPM) is trading below its 200-day moving average which implies it is in a negative trend. However, the stock has broken up through an important long-term resistance level at 87.96 suggesting the long-term down trend could be turning neutral. If this new level of support at 87.96 holds, look for a move higher to the next resistance level at 108.25.

The stock has support at 87.96 and 82.77. If the stock breaks down through support at 87.96 then it will probably continue lower to 82.77. The stock has resistance at 98.10 and at 108.25. If the stock breaks up through resistance at 98.10 then it will probably continue higher to 108.25. The 200-day moving average is at 119.49. This will also act as resistance. The stock is neutral according to the Stochastic Indicator (64.77).”