JPMorgan leans on current support - Analysis - 13-08-2018

JPMorgan & Chase's stock dropped 0.98% in the last session, or 1.15 points, leaning thereafter on the important support of 114.73, amid attempts to garner momentum to help it rise anew, amid positive support from the 50-day SMA, while the stock gets buoyed by a positive pattern that formed in the short term, the Falling Wedge pattern, countered by negative signals from the Relative Strength Index. 

Therefore we expect the stock to return higher, provided the support of 114.73 holds on, targeting the pivotal resistance of 119.33.