July 15, 2012

JP Morgan Chase Chart analysis

  • JPM Closed the day above 50 day SMA. Up move also showed good volumes for the day.
  • But price is moving into stiff resistance levels. 
  • 50 Week SMA. 38.2% Fibonacci levels and daily swing high's may stop bulls from moving ahead. 
  • crossing 37.03 should target the GAP between 38 and 40.

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