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JPMorgan Daily Technical Analysis | 27 November 2017

2017-11-27 09:19 am | Resource: Technical Analysis Section | No Views : 319

In our latest report on JPMorgan, we mentioned a break in the bullish trend. The stock has rebounded from the previous 0.382 Fibonacci retracement level and the stock has retested the broken trend line but failed to breach it.

JPMorgan Daily Technical Analysis | 27 November 2017

The Bank of America is trading in a bearish direction on the 240-minute interval, and the SMA and Slow Moving Average are positively cross but without confirming their neutral signal.
The MACD cross is positive but the histogram is decreasing above zero, giving the possibility of a positive cross.
It is expected that, if the US bank broke 96.95, it might target 93.58, but if a breach of 99.49 might target 101.77.
Support: 97.66- 93.44 - 88.85
Resistance: 100.85 - 103.91 - 105
Trend: Down

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