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JP Morgan Daily Technical Analysis | 2 November 2017

2017-11-02 08:55 am | Resource: Technical Analysis Section | No Views : 258

Our bearish view of JPMorgan shares, as the stock broke the minor bullish trend line during yesterday's trading, but did not confirm the bearish trend so far, and the moving average and slow moving average are approaching some, which increases the probability of a negative cross soon and confirms our neutral view Currently.

JP Morgan Daily Technical Daily | 2 November

MACD is cross and the histogram is trading below zero, indicating negative bulls.
It is expected that if the American stock breaks the 100.85 level it might target the 97.66 level on the other side, if breaching 100.85 might target the 103.91 level.
Support: 96.97 - 93.44 - 88.85
Resistance: 100.85 - 103.91 - 105
Trend: neutral

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