- JPM up move so far looks corrective and without volume support. Pattern also looks like a bearish Flag. Price is nearing Golden ratio level which may act as resistance.
- Only thing supporting bulls is that price has violated 100 Week SMA. So a weekly close above this level with increasing volume may extend the up move. Unable to close the week above 100 Week SMA Will start the correction.
- BANK OF AMERICA CHART ANALYSIS
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