Today’s instrument is JPMorgan Chase & Co.‘s stock traded on the NYSE exchange under the ticker JPM.
When we look at JPM ‘s chart, we can see that it is in a downward trend, trading at the closed price of around $112. Today it is announcing its quarterly earnings and if the market’s anticipation is positive, then we could expect it to rise towards its resistance level at around $120 otherwise it should fall towards its support level at around $110.
(Click on image to enlarge)
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