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Today’s instrument is JPMorgan Chase & Co‘s stock traded in the NYSE exchange under the ticker JPM. 

Looking at JPM‘s chart, we can see that it was lastly traded at around $137.80 which is close to its higher price of $138.40 for the year.

This week it is announcing its quarterly earnings and if the market’s anticipation is positive, then we should expect it to rise further to new highs for the year otherwise it could test its support level at around $134, and if it is not able to hold it above that level, then a further drop should be expected towards its next support level at around $130. 

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