JPMorgan receives positive support - Analysis - 23-10-2020

JPMorgan (JPM)'s stock rallied 3.53% in the last session after leaning on the support of the 50-day SMA, lending it positive momentum, while trading alongside the upward medium-term trend line, with positive signals from the RSI. 

Therefore we expect more gains for the stock, targeting the resistance of 105.63, provided the resistance of 115.70 was breached. 

Expected trend for today: Bullish