JPMorgan tries to vent off oversold saturation - Analysis - 18-10-2018

JPMorgan & Chase's stock rose 1.11% in the last session, or 1.21 points amid the dominance of the downward short-term wave, as the stock recoup some past losses while venting off oversold saturation in the RSI, amid negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, targeting the support of 103.23, as long as the resistance of 112.97 holds on. 

Expected trend for today: Likely Bearish