14.09.2016 - We are waiting for the signal to sell J.P. Morgan Chase & Co

Price of J.P. Morgan Chase & Co is consolidating near the lower limit of the medium-term ascending channel, and for the continuation of growth of quotations within it with the objectives at 75.00 and 80.00, the price must overcome the resistance at 68.00. In case of breaking through the lower boundary of the channel and a local minimum at 66.00, we recommend to open short positions with the targets at 60.80 and 55.00. Our medium-term outlook remains negative and we expect a decrease in the near future.

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