JPMorgan again tries to break the downtrend

24 may 2022 53
Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
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The shares of JPMorgan make another attempt to overcome the downtrend from the January maximum. The previous attempt wasn’t successful, the price has rebounded down and renewed the annual minimum.

 

Now the breakdown of the trend looks more stable, but it still requires confirmation. The strengthening above 127.3 may be considered in this capacity. 

 

If it won’t gain a foothold above the line of trend, the appeared gap on the level of 119.6 will be the first goal of the downward rollback.  

Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segment "Currencies"
2nd in the segments "Indices" and "Metals"
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